Invest and Trade Profitably with Jon Johnson

Investment House Weekend Wrap Up Archive

Weekender for 5/14

May 14, 2023

1. Covered Call Options Play Assertio Therapeutics Inc. (NASDAQ: ASRT) — Assertio Therapeutics Inc. is currently trading at $7.66. The June 16 $8 calls (ASRT20230616C00008000) are currently trading at $0.55. That provides a return of about 14% if ASRT is above $8 by the expiration. Learn more about our Covered Call Tables here! 2. Market […]

Weekender for 5/7

May 7, 2023

1. Market Summary Banking Issues Hold Sway Banking issues hold sway over the action. Banks fall, small-caps and mid-caps struggle, but Nasdaq, Nasdaq 100 still show relative strength. Precious metals continue showing bids as the Nasdaq mega-caps paused ahead of Apple. Apple launches a new $90 billion stock buyback — the start of likely many […]

Weekender For 4/30

April 30, 2023

1. Market Summary Meta Earnings Pick Up Where Microsoft Left Off Meta earnings pick up where Microsoft left off, indices surge. Hot Personal Consumption Expenditures (PCE) inside Q1 gross domestic product (GDP) rattles stocks but does not stall the move. Weaker Q1 GDP, rising PCE spells stagflation. Fed set to hike rates next week as […]

Weekender For 4/23

April 23, 2023

1. Market Summary Volatile Session After a Gap Lower Volatile session after a gap lower as stocks rebounded off the lower open but could not hold the moves. Indices show very credible doji at near support, but the PHLX Semiconductor Sector (SOX), DJ20 downside worrisome. Philly Fed, existing home sales, Leading Economic Index (LEI) atrocious […]

Weekender for 4/9

April 9, 2023

1. Market Summary Data Continues the Weakening Data continues the weakening with labor starting to crack. ADP misses, Institute of Supply Management (ISM) Services misses significantly, but is still above 50. Despite the data, the indices, for the most part, are testing normally. The Fed’s Mester changes her views literally from one day to the […]

Weekender for 4/2

April 2, 2023

1. Market Summary The Upside Continues The upside continues for the large-cap indices with gaps to doji Big Nadsaq names and precious metals continue their strange relationship Market ignores a plethora of negatives because… the Fed is back to the liquidity supplier of last resort Banks are reporting bank run phase two is on, and […]

Weekender for 3/26

March 26, 2023

1. Market Summary Stocks Surge Early Stocks surge early, then blow the gains, only to be saved by the last hour. Volatile intraday, volatile day-to-day. At least some things are constant. Will the market rally more? A look at the Fed versus the economics. What does the Fed really want? The market to rally or […]

Weekender for 3/19/2023

March 19, 2023

1. Market Summary Big Tech Surges Big tech surges, leaving all else in the dust. Credit Swisse takes $54 billion from the Swiss National Bank (SNB), European Central Bank (ECB) shows “confidence” and hikes 50 basis points, U.S. Bank consortium bails out First Republic Bank. Just a normal setting for a blowout rally. Fed/Treasury requiring […]

Weekender for 3/12

March 12, 2023

1. Market Summary Are Bank Runs Starting? Stocks jump on higher initial claims, then reverse sharply on bank issues. Are bank runs starting or were Thursday’s bank stories just one-offs? Techs, semiconductors still remarkably resilient. Stocks bounce on jobless claims data. If jobs are weaker, will they bounce again, and will it be enough to […]

Weekender for 3/5

March 5, 2023

1. Market Summary Pathetic Productivity and Surging Labor Costs Pathetic productivity and surging labor costs flop stocks. S&P 500, Nasdaq take out support, but some peculiar Fed-speak helps bring them back. Volatility remains, but stocks recover low to high, maintaining the larger bullish index patterns. “Hard” sector stocks post another session of solid gains, but […]

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