Monday, September 16, 2019

Weekender 9/15







THE WEEKEND ISSUE
Informing Investors Around The World
Read In All 50 States And Over 100 Countries
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Weekend Newsletter for
September 15, 2019



Table Of Contents



1) MARKET SUMMARY from THE DAILY



2) IH ALERTS



3) SUCCESS TRADING GROUP



4) COVERED CALL SERVICE

Jon Johnson

1) MARKET SUMMARY:
Excerpted from Thursday's paid content of "The Daily" by Jon Johnson at InvestmentHouse.com. To get his latest information and his daily content, click here now to receive a two-week trial and save $30/month. (You won't find this offer on the Investment House website. It is exclusively for The Weekender subscribers!)


Inflation Returns.


  • While positive trade news abounds, after the current move, the market is not that peppy.

  • SOX recently touched a new high and then backed down.

  • A lot of good news has been priced in as the indices have tested their resistance.

  • The CPI core has hit an 11-year high just as the Fed is set to cut rates again. As the Fed now loves inflation, will it surprise the market?






Market Summary (continued from above)



The trade news on Wednesday did provide some upside impetus, but not the
caliber that was indicated from the futures surge that night. Instead, the stock indices gapped higher and
rallied a bit more with the S&P 500 roughly seven points from its prior all-time high. Meanwhile, the DJ30 closed within
100 points of its all-time peak.



In other words, it was not a powerful surge. As noted, the indicies gapped upside, rallied and
then faded to the opening prices. While we can still get quite solid gains even though the indexes are a bit lethargic, we will have to tap
at them from a distance versus running up and trying to kick the door in.



Not only did President Trump's comments about forestalling higher tariffs on
$250 billion of goods for two weeks make an impact on the markets, the Chinese government supposedly stated that it was thinking of
loosening its ban on importing U.S. agricultural products.



S&P500: It gapped to a tight doji and came within eight points of the all-time high, experienced a solid volume and then moved up a bit more. While there may have been some churn, there is nothing nefarious about this
move. Instead, it was just some solid upside that had simply got a bit extended. However, the index can get even more
extended upside and break to a new high. Then, after that move runs its course after a
few sessions, a test of the break will set up new upside opportunities.



NASDAQ: It gapped over the April 2019 and August 2018 highs. Then, it moved into the July
range which holds the all-time high before backing off to a doji. While this is evidence of a good move in progress, the NASDAQ is still
lagging behind the other large cap indices by a bit.



NOTE: The figures and information above are from the 9/11 report.




Watch Market Overview Video



Watch Technical Summary Video



Watch Next Session Video



NOTE: The videos are from the 9/10 report.



Here are some trades from "The Daily," offering insights into our trading strategy and the targets that we have hit this week:



Targets Hit This Week:



With the nice surge from the bottom of the trading range to the verge of new highs, of course it was a week to bank gain – upside AND downside.



Upside:



Carbo Ceramics Inc.(NYSE:CRR): We saw CRR setting up at the 50-day moving average (MA) last weekend and starting a break higher on some good volume. We then decided to put it on the report as the oil and gas sector has formed up well for at least some short rallies. On Monday, CRR hit the entry point with a solid move and we picked up the stock for $1.87. This proved to be a good, clean pick as CRR surged into Thursday and rallied to test the 200-day simple moving average (SMA). That rang the bell on our target, and as CRR was just below the 200-day SMA with a doji, we sold the position for $2.66 and banked a gain of 42%. Now, we will have to see if CRR will form up a good pattern at the 200-day SMA.



Nordstrom, Inc.(NYSE:JWN) : While several market leaders in the retail sector have hit new highs, other areas of retail have "turned the corner" after long declines. Now, they are breaking downward trends and posting excellent moves. We always watch for these stocks as the returns can be significant in a short period of time. We saw JWN over the weekend and put it on the report. On Monday, JWN continued its break over the 50-day MA and we bought some stock at $31.86 and some October $30.00 call options for $2.80. The momentum on the turn from the lows -- and a nifty little inverted head and shoulders -- was strong. Then, JWN ran right up to near our target by Thursday. It was showing a doji, and after a seven-session move higher, that was a good signal to bank some gains. So, we sold some stock for $34.64 and an 8.71% gain. We also sold part of the options for $5.00 and banked a 78% gain.



Nvidia Corporation (NASDAQ:NVDA): We watched NVDA form a long six-month triangle base and waited for an entry. In late August, it put in a higher low at the 200-day SMA inside the pattern. We always watch for that because a higher low at such support typically leads to a breakout move from the pattern. So, when NVDA broke higher off the 200-day SMA on 8/29, we moved in with some October $165.00 call options for $10.55. While NVDA moved higher, it then tested once more in the base and experienced a short dip to the 50-day MA. From there it shot higher and broke out from the pattern two Thursdays ago. NVDA then walked higher into Thursday, gapped upside and brushed our target. We sold some options for $22.05 and banked 110%.



Texas Instruments Inc. (NASDAQ: TXN): TXN broke higher from a two-month triangle on 9/5, but could not move forward. It tested into Tuesday and then came back to test the trendline and the 10-day exponential moving average (EMA). We saw that move and recognized it as a great entry for a continued breakout move -- chips were strong and we assumed that TXN would follow higher. As a result, we picked up some October $125.00 call options for $4.85. Then, TXN made a quick move higher into Thursday. While it still looked strong, many chips were stalling after good moves. So, we banked half the options for $6.95 and took a 43% gain in less than three sessions. If this pattern continues, we still have half the position to carry us forward.



Urban Outfitters, Inc. (NASDAQ:URBN): This is another one of those retailers that trended lower before finally turning the corner so that it could be ready to rally. We saw URBN break the 50-day MA a week earlier before it then faded to the test. After it showed a nice tight doji last Wednesday, we put it on the report. On 9/5, URBN surged off the test and we moved in with some stock at $24.71 and some October $23.00 call options for $2.40. URBN made one test during the next session and then it was all upside into Thursday. After the stock showed a doji on Thursday after the strong move, it was time to bank some gains. As a result, we sold some stock for $26.51 and a 7.2% gain. We also sold half the options for $3.70 and banked 54%.



Downside:



Arena Pharmaceuticals, Inc. (NASDAQ: ARNA): ARNA crashed the 50-day MA in early August after a steady rally up the 20-day MA. We then watched it recover and then stall when it got back to the 50-day MA. We put it on the report when it started to stall. Two sessions later, RNA broke lower and failed in its recovery attempt. Then, we moved in with some October $55.00 put options for $4.60. It was a slow process, but ARNA steadily sold below the 10-day EMA into Tuesday. This was when it hit the 200-day SMA and held. Since this was our target, we sold the options for $6.50 and a 40% gain.



American Express Company (NYSE: AXP) : AXP was an exhausting downside play. We entered as it reversed an upside move, breaking below the 50-day MA the day after it jumped off that support. We entered with some September $120.00 puts for $2.46 on 8/14. That was the start of the volatile odyssey as AXP initally sold and then reversed again back over the 50-day MA. It then gapped lower below the 50-day MA during the next session. Then, it dove lower during the last half of August and then bounced back and forth below the 20-day EMA for over two weeks, constantly and slowly trending ever lower. Finally on Tuesday, AXP gapped and sold back to the prior lows. When it held at this position, we sold the puts for $3.30 and banked a 34% gain that was barely worth the amount of time we spent watching this play.



Verisign, Inc. (NASDAQ:VRSN) : VRSN made us so much money on its incredible long run upward. When it broke the 50-day MA in early August, we saw the stock's character change. Thus, we flipped our attention to using VRSN to make us money on the downside. It tested the move with a bear flag that stalled at the 50-day MA. We put it on the report and it gapped down from the 50-day MA on 8/12. At this point, we entered with some October $210.00 put options for $10.80. VRSN immediately rebounded to test the 50-day MA again. From there, it gapped to a lower low -- ah the volatility -- and having a spread to churn on it would have been great. VRSN then bounced up and down -- always below the 50-day MA -- for the next three weeks. This week, VRSN finally gave up after wearing itself out. It tumbled on Monday, Tuesday and Wednesday and finally hit our target when the markets closed on Wednesday. Since we saw a support in the form of the rising 200-day MA, we sold the position for $18.85 and a gain of 74%.



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Chart by StockCharts.com

2) IH ALERTS




NYSE:GS (Goldman Sachs--$207.21; +0.15; optionable)


Company Profile




EARNINGS: 10/15/2019



STATUS: Goldman showed a doji on Friday after a nice Thursday gap higher through the 50-day EMA and up to the 50-day SMA.
The stock then paused with a doji on Friday and took a breather after an
important move. After all, that move on Thursday gapped GS over the four-week range which had formed over
the 200-day SMA after the early August meltdown. We want to play a resumption of the
break higher up to the bottom of the late July lateral consolidation range. That move will give us
a solid 75% gain on the options.



VOLUME: 1.439M Avg Volume: 2.073M



BUY POINT: $208.28 Volume=3.1M Target=$218.31 Stop=$204.92



POSITION: GS OCT 18 2019 210.00C - (45 delta) &/or Stock



Video



CHART IMAGE



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Chart by StockCharts.com

3) SUCCESS TRADING GROUP

-- by the MarketFN STG Team




NASDAQ:LSCC (Lattice Semiconductor Corp.)


Company Profile



Our Success Trading Group members scored another winning trade when we closed out a position in Lattice Semiconductor Corp. (NASDAQ: LSCC). We are watching several other stocks and are looking forward to trading next week.



Our Success Trading Group closed seven years with zero losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009. We still have one open position from 2017 (all others were winners) and one trade that we opened in 2014 but was closed as a losing trade.



All of these trades are posted on our Main Trade Table for your review during your free membership trial period.



Get Our Next Trade Free - Save $50 per month! Details Here.

Chart by StockCharts.com

4) COVERED CALL PLAY



Seabridge Gold Inc. (NYSE:SA) -- Seabridge Gold Inc. is currently trading at $13.49. The November 16 $13.00 Calls (SA20191116C00013000) are trading at $1.25. That provides a return of about 10% if SA is above $13.00 by the time of the expiration.



Company Profile



Learn more about our Covered Call Tables
PREMIUM SERVICES

The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.

This is a commerical email. It may contain advertisment or solicitation. This email was sent to ~~EMAIL~~. Please click the following link to change or unsubscribe. All Rights Reserved. 300 New Jersey Ave, Suite #500, Washington, DC 20001



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Monday, September 09, 2019

Weekender 9/8







THE WEEKEND ISSUE
Informing Investors Around The World
Read In All 50 States And Over 100 Countries
 You have earned ~~VIP~~ points worth $~~VIP~~ Click here for details* 

Weekend Newsletter for
September 8, 2019



Table Of Contents



1) MARKET SUMMARY from THE DAILY



2) IH ALERTS



3) SUCCESS TRADING GROUP



4) COVERED CALL SERVICE

Jon Johnson

1) MARKET SUMMARY:
Excerpted from Thursday's paid content of "The Daily" by Jon Johnson at InvestmentHouse.com. To get his latest information and his daily content, click here now to receive a two-week trial and save $30/month. (You won't find this offer on the Investment House website. It is exclusively for The Weekender subscribers!)


Some Respite From the Trade War.


  • With the selling blunted by some quantitative easing (QE) and who knows what else, the market was primed and the trade news was the trigger.

  • The S&P500, DJ30 and the NASDAQ have cleared the range.

  • The Chinese government said that the U.S. should be ready for a "meaningful" breakthrough in October.

  • Productivity shows good gains.

  • The Wall Street Journal says that there will just be a 25 basis-point cut in September.

  • That is, Fed Chairman Jerome Powell has rescued the market with rate cuts and QE. He will then cut another 25 basis points later this month and will consider his work done. Meanwhile, we are looking for some tests off of this move to give us some entrance and exit points.






Market Summary (continued from above)



An agreement to meet to discuss the trade war in October -- one that Chinese insiders who are "in the know"
said could lead to a "breakthrough" -- led to a breakthrough of its own in the stock market.



The Fed should print up a "Mission Accomplished" banner. When the rate cuts did not stop the selling, or at least did not bounce the market back up,
the Fed was impelled to buy bonds again. That, along with the fact that buyers were able to blunt each selling attempt,
poured water over the selling. That set the stage for a favorable headline or two that
could then work to break stocks higher. On Tuesday, we saw the resilience of financial stocks. On Wednesday, the chips showed resilience and on Thursday, that favorable headline appeared.
The market was set to break higher and the headline triggered it.



This situation made it difficult to get into positions, but it did push current positions
such as Twitter (TWTR) and Nvidia (NVDA) higher. Moreover, a lot of stocks jumped higher and then either reversed
the moves or fell well off the highs. Some examples include Match Group Inc. (MTCH), Texas Instruments Incorporated (TXN), Reliance Steel & Aluminum Co. (RS), The Coca-Cola Co (KO), JinkoSolar Holding Co., Ltd. (JKS), Electronic Arts Inc. (EA) and Applied Materials, Inc. (AMAT). Others did
hold moves as they gapped and rallied, e.g. Google (GOOG), Amazon (AMZN), Facebook (FB), Urban Outfitters, Inc. (URBN) and Five Below Inc. (FIVE). While we were able to
get into some of these plays, we will have to wait for a test off of this good move.



S&P500, SOX and the DJ30: All gapped over the prior resistance. While the DJ30 and the PHLX Semiconductor Sector Index (SOX) faded off
the highs, there was nothing major in terms of the overall move. Basically, they moved strongly up to the
next resistance and then backed off just a bit. Meanwhile, both the S&P500 and SOX bumped the bottom of the
July range and stopped.



NASDAQ: Gapped over the 50-day simple moving average (SMA), tapped the bottom of the July range (which was a
new high) and stopped for the day. After some more upside on the jobs report, the NASDAQ may start to test the breakout over resistance.



NOTE: The figures and information above are from the 9/5 report.




Watch Market Overview Video



Watch Technical Summary Video



Watch Next Session Video



NOTE: The videos are from the 9/5 report.



Here are two trades from "The Daily," offering insights into our trading strategy and the targets that we have hit this week:


Chart by StockCharts.com
AMZN (NASDAQ: Amazon.com, Inc.)

Company Profile



It’s been four weeks at the 200-day SMA for AMZN, which mimics the indices’
range. For each test of the 200-day moving average (MA), AMZN has held well, particularly late August.



It then tested when the markets opened on Tuesday and then rebounded and gapped upside on Wednesday to the 20-day exponential moving average (EMA). If the S&P500 breaks
out, AMZN will be there. If so, we are ready to move in for a run at the 50-day SMA. That
move will give us a gain of around 55% on the call options.



FIVE (NYSE: Five Below)

Company Profile


Chart by StockCharts.com

Retail remains one of the hotter areas in the market and FIVE is setting up for
an entry. FIVE gapped higher on Thursday, gapping over the 200-day MA on big volume and
broke higher on a solid earnings report.



On Friday, FIVE tested back as the market was softer overall and coming back toward the 200-day SMA on lighter trade. Likely, FIVE will come
back to test the 200-day SMA and then make its move back upside to continue the
breakout.



We have to be ready, however, if FIVE just decides to move higher from here. A continued rally to the initial target will give us
a 10% gain on the stock and a 65% gain on the call options.



Targets Hit This Week:



Procter & Gamble Co. (NYSE:PG): When we put PG on the report we received emails that used words like "boring," "stodgy" and "old economy." The fact that no one said "not sexy" may be a sign of the times -- not that PG is sexy. Anyways, I learned a long time ago a pattern is a pattern is a pattern, regardless of the stock. When you add on the market volatility at the time and that other groups were selling at a time that PG was steadily rising, all of these facts said what needed to be said regarding the play. On 8/7, we saw PG come off the 50-day EMA in a routine test. After we put it on the report, PG moved higher again during the next session. That triggered our entry and we bought some October $115.00 calls for $5.10.


Why did we only buy options? At $115 and since PG is admittedly not a stock that explodes with 20% gains, the options were a great way to get in and leverage our money. PG proceeded to perform as expected: a rise, a test of the 20-day EMA, a rise and a test of the 20-day EMA. This pattern then repeated itself again and again. On 9/4, PG hit our target. However, it was moving so well that we left it on. During the next day, PG started higher again . . . and then lost its bid. It was time to sell. We sold the options for $8.95 and banked the 75% gain. Yes, it was rather boring, but boring when things go as planned is the good kind of boring.



Iconix Brand Group (NASDAQ:ICON): This one was unusual for us in a way as it trades with a relatively low average daily volume (around 200K). However, we have played it before and the pattern was one we like. This was because the stock was coming off a long decline and the indicators were slowly turning positive. Then, they showed a meaningful break. ICON experienced that pattern with a move higher in August to the 200-day SMA and then a week-plus lateral move just below that resistance. We put it on the report on 8/20 and waited for the break higher. On 8/26, ICON broke higher on some volume and we picked up the stock for $1.68. A quick test during the next two sessions gave up virtually no ground and ICON resumed the upside. The stock marched higher going into Wednesday and then started to struggle near our initial target. As a result, we banked part of the stock for $1.98 and a 17.8% gain. ICON continued to rise on Thursday, touching $2.10 on the high and a solid 22% gain.



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Chart by StockCharts.com

2) IH ALERTS




NYSE:KEYS (Keysight Technologies--$94.29; -2.56; optionable): Software


Company Profile




EARNINGS: 11/20/2019



STATUS: Pennant. KEYS gapped higher on 8/22 out of a four-month base. It then experienced a nice break higher and worked laterally while waiting for the 10-day EMA to catch
up. On Tuesday, KEYS tapped the 10-day EMA, rebounded decently off the low and held the
gap point above the highs in the prior base. As the stock has held up well in a weaker market,
when KEYS makes a new break higher through the buy point, we will move in. A rally to the
target will give us a gain of 8% on the stock and a gain of 70% on the options.



VOLUME: 1.103M Avg Volume: 1.689M



BUY POINT: $97.44 Volume=2.5M Target=$105.94 Stop=$94.71



POSITION: KEYS NOV 15 2019 95.00c -- (50 delta) &/or Stock



CHART IMAGE



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Chart by StockCharts.com

3) SUCCESS TRADING GROUP

-- by the MarketFN STG Team




NYSE:JKS (JinkoSolar Holding Co. Ltd.)


Company Profile



Our Success Trading Group members scored another winning trade when we closed out a position in JinkoSolar Holding Co. Ltd. (NYSE:JKS). We are watching several other stocks and are looking forward to trading next week.



Our Success Trading Group closed seven years with zero losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009. We still have one open position from 2017 (all others were winners) and one trade that we opened in 2014 but was closed as a losing trade.



All of these trades are posted on our Main Trade Table for your review during your free membership trial period.



Get Our Next Trade Free - Save $50 per month! Details Here.

Chart by StockCharts.com

4) COVERED CALL PLAY



NASDAQ:CDMO -- Avid Bioservices is currently trading at $7.05. The October 19 $7.50 Calls (CDMO20191019C00007500) are trading at $0.60. That provides a return of about 9% if CDMO is above $7.50 by the time of the expiration.



Company Profile



Learn more about our Covered Call Tables
PREMIUM SERVICES

The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.

This is a commerical email. It may contain advertisment or solicitation. This email was sent to ~~EMAIL~~. Please click the following link to change or unsubscribe. All Rights Reserved. 300 New Jersey Ave, Suite #500, Washington, DC 20001



NOTE: You have ~~VIP~~ VIP Points!

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Wednesday, September 04, 2019

Weekender 9/1

By: Jon Johnson, Editor
Copyright 2015 | All Rights Reserved

Jon Johnson is the Editor of The Daily at InvestmentHouse.com

Technorati tags:







THE WEEKEND ISSUE
Informing Investors Around The World
Read In All 50 States And Over 100 Countries
 You have earned ~~VIP~~ points worth $~~VIP~~ Click here for details* 

Weekend Newsletter for
September 1, 2019



Table Of Contents



1) MARKET SUMMARY from THE DAILY



2) IH ALERTS



3) SUCCESS TRADING GROUP



4) COVERED CALL SERVICE

Jon Johnson

1) MARKET SUMMARY:
Excerpted from Thursday's paid content of "The Daily" by Jon Johnson at InvestmentHouse.com. To get his latest information and his daily content, click here now to receive a two-week trial and save $30/month. (You won't find this offer on the Investment House website. It is exclusively for The Weekender subscribers!)


The Trade Dispute With China Continues.


  • Indices remained at the bottom of the range before China took the "calm" route. Then, the stocks jumped.

  • Volume finally rose on an upside session, but overall, the downside trade is still stronger.

  • Gross Domestic Product (GDP), as expected, had rising consumption and so-so business investment.

  • We saw more commentary that the yield curve means nothing, but this is easy to say on days when the market rallies.

  • Last Thursday, the indices touched the high end of the range and then were torched. With the hurricane approaching Florida, the indices may get a pass this time.

  • Will the China-blinkmomentum propel stocks to the top of the range or out of it? Personally, I would love to have a trend again.






Market Summary (continued from above)



On Wednesday, we mused about the up one day, down the next pattern in the market and
questioned whether it could continue on Thursday with a downside session. There were some
very good upside patterns after that Wednesday gain with some areas (such as machinery/manufacturing and some financials) that had been really beaten down
starting to show some double bottoms. We
also talked about the headline-driven action in the market. We are always just one headline away -- up or down -- from the
market breaking in the direction favorable to the headline.



On Thursday, it appeared that it was China’s turn to blink as the Chinese commerce ministry
spokesman, at his regular press meeting, stated, with a "calm attitude," that China was willing to work on trade with the
United States and that the two sides are in “effective contact” right
now. He noted that while China “has options” if it chooses to retaliate, he feels it is best to
discuss the U.S. choosing to remove the new tariffs as the first course of business.



Thus, after President Trump’s blink in delaying some of the tariffs, China blinked unannounced.
This makes one wonder if the two leaders are dancing
through a kind of choreographed two-step. Nah.



S&P 500: It gapped and rallied to close over the 50-day moving average (MA). Now, the S&P 500 is approaching the top
of the past three weeks. This is the third bounce higher off the initial low versus two sell-offs.
Once again, we will have to see if the upside has the strength to make the move.



NASDAQ: It gapped higher, rallied through the 50-day exponential moving average (EMA) but then faded to
close at that level. Even so, it is still considerably below the top of the range and still has room to test higher.
Meanwhile, its volume is up and is roughly matching the downside volume from Tuesday.



DJ30: It gapped and then rallied to close over the 50-day EMA. While it currently lies below the top of the
range, about 70 points, this is nothing in light of the Thursday surge.



NOTE: The figures and information above are from the 8/29 report.




Watch Market Overview Video



Watch Technical Summary Video



Watch Next Session Video



NOTE: The videos are from the 8/29 report.



Here are two trades from "The Daily," offering insights into our trading strategy and the targets that we have hit this week:


Chart by StockCharts.com
NVDA (NASDAQ: Nvidia Corporation)

Company Profile



Triangle. We have talked about NVDA’s nine-month triangle that has formed a double bottom with a handle over the the last five to six weeks. Over the past week, the handle formed over the merging
50-day and 200-day MA. It then saw a tight doji on Wednesday at the 200-day simple moving average (SMA) on light trading and then faded from the upper trendline over the past week on mostly lower trading.



Always watch for these higher lows at key levels inside these patterns as they often presage a breakout
move. Accordingly, watching for a strong break higher. This is a great pattern, and if NVDA
makes a break upside, it would be a good risk/reward for a move from the May gap. That move
would give us a gain of around 10% on the stock and a gain of around 90% on the options.



WMT (NYSE: Walmart)

Company Profile


Chart by StockCharts.com

Double bottom w/handle. After a breakout in early June and rally to mid-July, WMT has formed the current double bottom.



It then gapped upside through the 50-day MA on earnings, spent the last week testing and then moved back to the 50-day EMA. It tested that level on last Friday's low and bounced on the following Monday.



If WMT continues, we want to play a move back to the prior high as the initial target. That move would give us a gain of around 55% on the options.



Targets Hit This Week:



Chipotle Mexican Grill (NYSE:CMG): In late July, CMG gapped higher from a seven week flat trading range and rallied to the end of the month. This was a good move, even though we did not chase this gap as we knew that we would get another chance at entering. To start August, CMG tested that move and came back to the 20-day EMA -- after a late July test of the 50-day MA before that gap higher. This makes a good test and new run. Anyways, the fact that it tested the 20-day EMA had us ready to play the upside as CMG started a new leg. On 8/7, it made the bounce off the 20-day EMA and we bought September $795.00 calls for $34.80. CMG gapped higher during the next session and then rallied more on top of that on 8/9. During that session, the large cap indices hit the top of the range and started to fade. We then decided to sell part of the position since the options were priced at $47.00 and banked a gain of 35%.


We held the rest to see if CMG could maintain its trend. Indeed, CMG came back to test the 20-day EMA moving average for a session, started back upside and became a really strong stock as it ignored the market and showed the usual rise and fade, rise and fade over the 10 and 20-day EMA in a good uptrend. On Tuesday, CMG gapped higher and hit our initial target. We sold some more options for $58.80 and banked a gain of 63%.



Coupa Software Inc. (NASDAQ:COUP): COUP is one of the cloud software stocks we started playing back when its price was in the thirties and its daily average volume had it under most people’s radar. The patterns kept setting up over and over, and it would break higher again and again. Eventually, the average volume of this stock grew as its name caught on. We just kept playing it.


This last play involved a 50-day EMA test. That is, COUP had rallied from April off a significant test of the 50-day MA, moved up the 20-day EMA with four touches. After that, we started looking for a new 50-day MA test. Sure enough, the begining of August saw COUP give us what we wanted and we put it on the report for the next rally. On 8/8, COUP broke higher off the 50-day MA after a bounce and a quick intraday test two sessions later. Since this was a good signal, we moved in with some September $135.00 strike call options for $11.10. Well, COUP wanted another test and faded into 8/14 with another 50-day MA test. It even undercut that support during that day, and importantly, held it when the market closed. Thus, we had to see if that support would hold before we would act. It did, so we held the position. COUP rallied into Tuesday (8/27), touching our initial target at the prior highs. As the options were selling for $16.80, we were able to sell for $16.90 and bank a gain of 52%.



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2) IH ALERTS




NASDAQ:CHUY (Chuy's Holdings--$24.35; +0.21; optionable): Restaurants


Company Profile




EARNINGS: 11/07/2019



STATUS: Pennant. A nice gap breakout during the first week of August cleared several recovering
highs and the early November downside gap. It is always an important move when a stock
clears the interim recovery highs in a base. Indeed, this one started off the July 2018 high.
Looking back, it was a classic four downside gap move that reversed after the last gap. Now,
after seven months of forming the base after that low, CHUY made a strong move higher and was ready to form the right side of the base. It then came back to fill the early August gap higher and sat at the 20-day EMA and on top of the interim highs. We then waited for a new break
higher to move in with an initial target at the early August high. That should be the start as there were other gaps to fill up. First things first: break higher and then move in. A rally to
the initial target would give us 10% on the stock and around 80% on the options.



VOLUME: 42.129K Avg Volume: 139.147K



BUY POINT: $24.94 Volume=200K Target=$27.45 Stop=$24.11



POSITION: CHUY OCT 18 2019 25.00C -- (45 delta) &/or Stock



CHART IMAGE



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3) SUCCESS TRADING GROUP

-- by the MarketFN STG Team




NYSE:PINS (Pinterest Inc.)


Company Profile



Our Success Trading Group members scored another winning trade when we closed out a position in Pinterest Inc. (NYSE:PINS). We are watching several other stocks and are looking forward to trading next week.



Our Success Trading Group closed seven years with zero losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009. We still have one open position from 2017 (all others were winners) and one trade that we opened in 2014 but was closed as a losing trade.



All of these trades are posted on our Main Trade Table for your review during your free membership trial period.



Get Our Next Trade Free - Save $50 per month! Details Here.

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4) COVERED CALL PLAY



NASDAQ:RDHL -- Redhill Biopharma Ltd. is currently trading at $7.52. The October 19 $7.50 Calls (RDHL20191019C00007500) are trading at $0.45. That provides a return of about 11% if RDHL is above $7.50 by the time of the expiration.



Company Profile



Learn more about our Covered Call Tables
PREMIUM SERVICES

The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.

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Sunday, August 25, 2019

Weekender 8/28

THE WEEKEND ISSUE
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Weekend Newsletter for
August 25, 2019
Table Of Contents
1) MARKET SUMMARY from THE DAILY
2) IH ALERTS
3) SUCCESS TRADING GROUP
4) COVERED CALL SERVICE

Jon Johnson
1) MARKET SUMMARY:
Excerpted from Wednesday’s paid content of “The Daily” by Jon Johnson at InvestmentHouse.com. To get his latest information and his daily content, click here now to receive a two-week trial and save $30/month. (You won’t find this offer on the Investment House website. It is exclusively for The Weekender subscribers!)
Stocks Bounce After Inverted Yield Curve
Stocks bounce right back from the Tuesday test.
Retail earnings lead the surge back upside.
FOMC minutes echo Powell’s ‘midcourse adjustment’ comments but still taken as a positive.
Indices are up another session but after all the work are still in the range.
Bond curve temporarily inverts again, no one cares. That happens.
Still work to do: Powell Friday, indices not breaking from the range. Putting all the bets on Powell to tap dance well for the market.
Market Summary (continued from above)
Earnings are still having an impact and a positive one. That happens when expectations are low as in Lowe’s. No one expected a quarter where it outshined HD. It did. TGT’s metrics were not supposed to come close to WMT. TGT destroyed all estimates. It rallied over 20%. Consumers are not showing, at least through June, any fear of recession – at the discount stores and home improvement. Look at motor homes and RV’s and you see a big drop in sales of the magnitude that has preceded the last 3 recessions.
Afterhours JWN earnings beat and that stock is higher. LB jumped at first but now trades lower; not horribly so, but lower. Perhaps JWN – expectations cannot really get lower – will also provide upside impetus. Indeed, SPY futures rallied after the close.
They also rallied before the open. Futures gapped upside on those retail earnings from TGT and LOW. Even misses such as URBN were rewarded with gains. The power of a nice surprise when nothing of note was expected.
SP500, NASDAQ, DJ30: All up after the rather innocuous Wednesday fade, but all at the 50 day MA/gap point, all showing doji, all showing even lower volume. They remain at the lick log as I like to say as a holdover from my litigation days.
NOTE: The figures and information above are from the 8/21 report.
Watch Market Overview Video
Watch Technical Summary Video
Watch Next Session Video
NOTE: The videos are from the 8/21 report.
Here are two trades from “The Daily,” offering insights into our trading strategy and the targets that we have hit this week:
Chart by StockCharts.com
Carbo Ceramics (NYSE:CRR)
Company Profile
Double bottom with a handle. Things are so bad in oil that some are good. CRR
provides proppants for hydraulic fracturing used in horizontal drilling. Over the past 2
months CRR has formed a double bottom with handle pattern as MACD has risen in an
uptrend. Lower price lows while MACD makes a higher low — that signals momentum
turning upside. Not saying it is time to fall in love with energy, but it CRR delivers a break
upside from this pattern it has room to move. A run to the initial target gains 48%.
JP Morgan (NYSE:JPM)
Company Profile
Chart by StockCharts.com
JPM put in a double top from early May to a second top in late July. Gapped
through the 50 day MA’s 8/5 and sold off to the 200 day SMA. Tried to hold then last
Wednesday JPM gapped through the 200 day SMA. With the Thursday and Friday
recovery JPM worked back up through the 200 day SMA and Monday gapped up near the
20 day EMA and near the top of the 2 week range. Faded to the 10 day EMA to close. If
JPM turns back down from here in general market weakness and renewed worries
regarding the interest rate situation (i.e. heading lower), we want to move in to some puts
for the downside. A move to the target gains 80%ish on the put options.
Targets Hit This Week:
Palomar Holdings Inc. (NASDAQ: PLMR): Not all great plays are household names that everyone recognizes. New can be, and often is, good. PLMR was a new issue in April. We always look at the first base breakout to give us an entry in a new issue because they usually yield nice gains. After its IPO, PLMR rallied to mid-May then moved laterally in a tight range for all of June and half of July. Then it started to show life, trying to make a breakout form that trading range. We put it on the report 7/19, the day it started to break higher. It edged just barely upside after that day, however, not really showing a clean break. That came, however, about a week later when it jumped up off the 10 day EMA on volume. On 7/30, the stock broke higher again and traded at $27.81 early. This stock had no options, so it was a stock only play. Once again PLM worked laterally after that move. On day five, it was up again then the same action, that slow slide laterally. Finally, a strong surge on 8/13 posting a 15% move. PLMR continued upside through Monday, gapping upside then reversing. After this kind of run that is the signal to take at least some gain. The stock was trading $36.91, fading off a gap higher; time to exit. That move gained a solid 32% on the stock
American Tower Corp. (NYSE: AMT): AMT is always a stock to watch when it sets up a pattern. And in July it did just that, a double bottom test of the 50 day MA up to the end of the month. It broke higher, stalled a bit and we used that stall to put it on the report on 8/5. The next session it was up again and time to enter. The stock asked $215.11 and the Sept. 6 $215.00 strike calls were $6.30. Sept. 6 expiration made sense given AMT’s earnings are 10/30 and there were no plans to ride it through the results. AMT continued upside the following session though the action was wild – needed to keep the bicarbonate close. The stock continued higher through the week. It then started to test the 2 week move from late July – it had rallied before we entered. AMT tested back to the 10 day EMA through 8/14, a 3-day test. It then surged the next session and climbed – with some volatility again – into this week. A good move Wednesday was followed by a gap upside Thursday and then some weakness. The options were up strong at 12.50 x 13.40 and the play had hit the target. Time to bank the gain. With a 12.85 trade it turned in a solid 100+% gain.
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2) IH ALERTS
NYSE:PINS (Pinterest–$33.43; +0.03; optionable): Social
Company Profile
EARNINGS: 10/31/2019
STATUS: Pennant/Flag. A new issue in May, we are already playing PINS and are ready to put more money to work on the stock as it makes the new break higher. PINS rallied off the IPO then starting Ma formed a cup base. We picked up positions on the break higher the second half of July and enjoyed the earnings surge. Now, we want to move in when PINS completes this test of its gap upside. That could have been Thursday — the stock tested near the 10 day EMA and jumped nicely higher. Friday it was up again but slipped back to close basically flat. May want to test/consolidate the gap a bit more, letting the 10 day EMA (31.53) catch up to it. We will be patient and play it whether it fades more, moves laterally, or simply jumps higher through the entry point. A move to the target gains 14%ish on the stock, 60%ish on the options.
Volume: 2.642M Avg Volume: 4.222M
BUY POINT: $33.78 Volume=6.2M Target=$38.45 Stop=$32.23
POSITION: PINS NOV 15 2019 34.00C – (54 delta) &/or Stock
CHART IMAGE
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3) SUCCESS TRADING GROUP
— by the MarketFN STG Team
NASDAQ:LSCC (Lattice Semiconductor Corp.)
Company Profile
Our Success Trading Group members scored another winning trade when we closed out a position in Lattice Semiconductor Corp. (NASDAQ:LSCC). We are watching several other stocks and are looking forward to trading next week.
Our Success Trading Group closed seven years with zero losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009. We still have one open position from 2017 (all others were winners) and one trade that we opened in 2014 but was closed as a losing trade.
All of these trades are posted on our Main Trade Table for your review during your free membership trial period.
Get Our Next Trade Free – Save $50 per month! Details Here.
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4) COVERED CALL PLAY
NASDAQ:PAYS — Paysign Inc. is currently trading at $41.19. The Oct. 19 $41.00 Calls (CIEN20191019C00041000) are trading at $3.05. That provides a return of about 8% if LSCC is above $41.00 by the time of the expiration.
Company Profile
Learn more about our Covered Call Tables
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The Daily: “The Daily” is a must read for all investors!
Success Trading Group: seven years without a trading loss!
The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.
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Sunday, August 18, 2019

Weekender 8/18

By: Jon Johnson, Editor
Copyright 2015 | All Rights Reserved
Jon Johnson is the Editor of The Daily at InvestmentHouse.com
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THE WEEKEND ISSUE
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Weekend Newsletter for
August 18, 2019



Table Of Contents



1) MARKET SUMMARY from THE DAILY



2) IH ALERTS



3) SUCCESS TRADING GROUP



4) COVERED CALL SERVICE

Jon Johnson

1) MARKET SUMMARY:
Excerpted from Thursday's paid content of "The Daily" by Jon Johnson at InvestmentHouse.com. To get his latest information and his daily content, click here now to receive a two-week trial and save $30/month. (You won't find this offer on the Investment House website. It is exclusively for The Weekender subscribers!)


Yield Curve Inversion Shakes Up Markets.


  • Stocks got a trade talk save, rallied and then sold. It bears noting that a stick save is not an offensive play.

  • There has not been a huge response to the "warming" trade talk, but the S&P 500 and the NASDAQ have been able to hold their support and rebound.

  • Although the expiration for many calls was on Friday, many of the large caps looked as if they could bounce to end the week. However, this didn’t answer the "base or top?" question on Friday.






Market Summary (continued from above)



Stocks looked as if they would open lower yet again as of 6:30 Eastern Time (ET) on Thursday. This was because China had come out after 4:00 p.m. ET and blustered that tariff delays were not enough to stop it from retaliating. Stocks were sold. 90 minutes later, a statement was issued that was purportedly from President Xi where he "hoped" that the United States would “meet China half way” with regards to something. I take that to mean the United States has already delayed imposing new tariffs on some goods and should just eliminate the new tariffs altogether. All of this would be one-sided for China. If I were Presidnet Trump, I would have responded that halfway would mean that China would start to buy the agricultural products it promised to at the "trade truce" several weeks back. However, all of this is simple semantics, right?



Judging by the advance in stocks, you would think a deal was just 10% away once again. In reality, as has been stated so many times, China totally reneged and walked away. Meanwhile, stocks rallied to the open, opened higher and then the entire remaining session was a case of back and forth and give and take. Then, there was an early afternoon selloff that looked a bit spooky. In the end, a rebound to the top of the range in the second half of the afternoon closed things respectably, even if the results were a bit mixed.



We had wanted a continued selloff to really heat up the downside and test those interim lows. Unfortunately, this didn’t happen. Instead, the morning news was enough to act as a pressure release valve and a lot of the fear and paranoia abated. We'll have to wait for another chance to really sell things off and work on cleaning the pipes for a better rebound rally.



S&P 500/NASDAQ: Both the S&P 500 and the NASDAQ held over the prior week's lows on Thursday’s intraday weakness and rebounded nicely to close. That indicates either the presence of buyers or a dissipation of selling at those levels. That scenario will leave them open for a rebound yet again after a sharp drop.



DJ30: The DJ30 got close to 25,250 (as it reached 25,339) and then rebounded. At one point, it was back over the 200-day simple moving average (SMA) that it gave up on Wednesday, but it could not stay there. Still, it held near that level as we birddogged a potential bounce point and could join the S&P 500 and the NASDAQ in trying to push upside on Friday.



NOTE: The figures and information above are from the 8/15 report.




Watch Market Overview Video



Watch Technical Summary Video



Watch Next Session Video



NOTE: The videos are from the 8/15 report.



Here are two trades from "The Daily," offering insights into our trading strategy and the targets that we have hit this week:


Chart by StockCharts.com
NFLX (NASDAQ: Netflix)

Company Profile



NFLX has already put in a nasty leg lower with the mid-July earnings gap that allowed it to break away down out of the seven-month trading range. NFLX rallied up to the 200-day SMA two weeks back and then rolled over. We entered that move with a downside position and banked a gain late last week when NFLX showed a doji after a cruise lower.



NFLX then jumped to the 10-day exponential moving average (EMA) on Thursday. On Friday, it rolled to the negative after trying to move through the 10-day EMA. We think NFLX is setting up a trend just below the 10-day EMA just as a breakout to the upside will set up a trend just above the 10-day EMA. Thus, we want to play further NFLX weakness to the downside. There are upside gaps from early January and those are the ones that are next in line to be filled as NFLX continues to sell. A move to the initial target will give us a 60% gain on the October puts and around a 95% gain on the September puts. It just depends on what your risk tolerance is. Again, this looks to be setting up an entrenched downtrend. Thus, we want to play the heck out of it as it continues.

DIS (NYSE: Disney)

Company Profile


Chart by StockCharts.com

Bear flag. We have a current upside play on DIS that did not help us out on the earnings as it had in April. Instead of moving up, DIS gapped lower on Wednesday due to those results and reversed a nice Tuesday jump off the 50-day moving average (MA). As of Friday, DIS tapped the 50-day EMA on its session high and backed off a bit from there to close. Its volume was lower as it moved back to its average and did not indicate that much participation in this upside move.



There is a massive upside gap from April. If the market stalls out and sells off, that gap is fully in play for a fill. Our initial target, however, is the upper gap point. That move will give us around an 80% gain on the put options. We also need to see DIS fail the rebound move, break lower through the buy point and hold the move. Now, if the market gets clobbered as a result of whatever stories are leading it around by the nose yet again, we can go ahead and take some positions without waiting for the last hour of trading.



We want to move in as it continues upward in order to capture what we can. A rally to the target will give us a gain of 10% on the stock and 55% on the options.



Targets Hit This Week:


Ulta Beauty Inc. (NASDAQ:ULTA): Some parts of the market are still holding up and rising, but many parts, including leaders, are struggling after good moves. ULTA is currently in a five-month range, so when it crashed the 50-day MA to start the month of August and rebounded to test, it looked ripe to trade a move to the downside in order to try the May low or the lower gap point from an upside gap in March. We put ULTA on the report on 8/12 as it broke back through the 50-day MA after testing from below and breaking over it for one session. During the next session, ULTA tried to rally due to that market volatility, but after kissing the 50-day SMA on the high, it started to backtrack. That was perfect as it was the time to enter. The September $335.00 strike puts were priced at $15.95 and showed a 55% delta.
The stock managed to hold a gain for the session but was way off the high by the time that the market closed. As anticipated, the market volatility remained and ULTA gapped lower on Wednesday and sold hard towards the target near the 200-day SMA. After lots of downside momentum, it was best to let it ride for the next session. ULTA started lower on Thursday and undercut the 200 day SMA. This was good, but we had to watch for the reversal near the support levels it was now touching. Sure enough, ULTA started back upside after that break. It was time to sell. The options were worth $24.60 and produced a solid 60% take on the trade to capture the test of the lower support.



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2) IH ALERTS




NASDAQ:MTCH (Match Group--$85.63; -1.54; optionable)


Company Profile




EARNINGS: 11/05/2019



STATUS: We certainly liked how MTCH looked heading into earnings with its 12-week range long the 50-day MA. Given the fact that earnings have resulted in feast or famine, we opted to wait and let MTCH show the move, and if possible, counterpunch with plays off of that move. MTCH jumped off the 50-day MA on the earnings on Wednesday and then spent Thursday and Friday testing. On Friday, MTCH reached near the rising 10-day EMA on the low and then rebounded to a rather modest loss. It may want to come back again and fully test the 10 day. After all, stocks that breakout, such as MTCH, often put in a one-two-three test, meaning they test for three sessions and likely show a doji with a tail (typically the 10-day EMA). If that happens, perfect. At times, however, a stock will surge right up off of this setup, so we want to be ready to move in if MTCH moves higher from here. A move to the target will give us around a 15% gain on the stock and a 75% gain on the options.



VOLUME: 3.286M Avg Volume: 2.221M



BUY POINT: $87.31 Volume=3.4M Target=$99.98 Stop=$83.08



POSITION: MTCH DEC 20 2019 90.00C -- (49 delta) &/or Stock



CHART IMAGE



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3) SUCCESS TRADING GROUP

-- by the MarketFN STG Team




NYSE:SNAP (Snap Inc.)


Company Profile



Our Success Trading Group members scored another winning trade when we closed out a position in Snap Inc. (NYSE:SNAP). We are watching several other stocks and are looking forward to trading next week.



Our Success Trading Group closed seven years with zero losses on our Main Trade Table. In fact, we closed 100% winning trades for the calendar years 2016, 2015, 2013, 2012, 2011, 2010 and 2009. We still have one open position from 2017 (all others were winners) and one trade that we opened in 2014 but was closed as a losing trade.



All of these trades are posted on our Main Trade Table for your review during your free membership trial period.



Get Our Next Trade Free - Save $50 per month! Details Here.

Chart by StockCharts.com

4) COVERED CALL PLAY



NASDAQ:ATNX -- Athenex, Inc. is currently trading at $14.82. The October 19 $15.00 Calls (ATNX20191019C00015000) are trading at $1.25. That provides a return of about 13% if ATNX is above $15.00 by the time of the expiration.



Company Profile



Learn more about our Covered Call Tables
PREMIUM SERVICES
The foregoing is commentary for informational purposes only. All statements and expressions are the opinions of Online Investment Services, LP., or Split Ventures, Ltd. This information is not meant to be a solicitation or recommendation to buy, sell, or hold securities. We are not licensed or registered in the securities industry. The information presented herein and on the related web site has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. The security portfolios of writers for this issue may, in some instances, include securities mentioned herein and on the related web site. Estimates, assumptions and other forward-looking information are subject to the limits of forecasting. Actual future developments may differ materially due to many factors. No one associated herewith receives compensation in any manner from any of the companies that are discussed in this newsletter or on the related websites.
This is a commerical email. It may contain advertisment or solicitation. This email was sent to ~~EMAIL~~. Please click the following link to change or unsubscribe. All Rights Reserved. 300 New Jersey Ave, Suite #500, Washington, DC 20001


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