Invest and Trade Profitably with Jon Johnson

Weekender for 2/5

1. Market Summary

Mega-Cap NASDAQ Stocks Explode

  • Mega-cap NASDAQ stocks explode higher on Meta Platforms Inc. (NASDAQ:FB), ahead of key earnings.
  • Indices so strong they are approaching next resistance.
  • Bonds are at a very key inflection point.
  • VIX is worth a look. No, it demands a look.
  • Just what was Powell doing Wednesday? Just off his game or was there another reason?
  • Dollar lower since the early fall. Anything to see here?
  • Earnings and jobs, jobs and earnings. But what will bonds do?

The tech rush higher continued on Thursday, with the NASDAQ leading, even over PHLX Semiconductor Sector (SOX), as market participants rushed into the big NASDAQ names. If the Federal Open Market Committee (FOMC) is now close to pausing/reversing its action, these stocks will benefit.

Indeed, bonds are rallying as well, up for the past six weeks; if in doubt, bonds typically are where you look for the answer. Bonds rallying and yields falling indicate that it is possible the Fed is near the end of its tightening. Thus, with the Fed possibly nearing the end of tightening (but does that mean loosening?) and META’s earnings apparently washing away all the sins of an atrocious earnings season prior to it’s report, there were again lots of buyers, and they were buying big tech after snapping up semiconductors on Wednesday.

NOTE: The figures and information above are from the 2/2 report.

Watch the Investment House Videos For This Week Here!

NOTE: The videos are from the 2/1 report.

2. Targets Hit

Investment House Daily:

As we saw some tech stocks showing accumulation, still anticipating a Fed pivot, pause or something to take the pressure off, we chose to enter as the opportunity arose. We also continued to pick up the more traditional leaders in this move, the metals and the like, making money on them as well. Below are some trades we banked this week:, Inc. (NASDAQ: AMZN): 108% gain in the options

Cemex SAB de CV ADR (NYSE: CX): 16.7% gain in the stock, 66% gain in the options

NVIDIA Corporation (NASDAQ: NVDA): 109% gain in the options

Opendoor Technologies Inc. (NASDAQ: OPEN): 42% gain in the stock

Rambus Inc. (NASDAQ: RMBS): 42% gain in the options

Companhia Siderurgica Nacional SA (NYSE: SID): 21.75% gain in the stock

Receive a risk-free trial to Investment House Daily and save 50% by clicking here now!

Technical Trader Alert:

It was fun to play some big tech again — some not so big tech as well! There was some fast action on the week, as money that was steadily moving into techs started to surge. We saw it coming, got positioned and then let the crowd carry our plays higher. The following are some gains taken this week:

First Solar Inc. (NASDAQ: FSLR): 50% gain in the options

Louisiana-Pacific Corp. (NYSE: LPX): 107.9% gain in the options

Qorvo Inc. (NASDAQ: QRVO): 140.9% gain in the options

Tesla Inc. (NASDAQ: TSLA): 65.4% gain in the options

Workday Inc. (NASDAQ: WDAY): 74.4% gain in the options

Receive a risk-free trial to Technical Trader and save 50% by clicking here now!

Rapid Profits Alert:

Stocks from many sectors are moving, and as they show good patterns and can make us money timely, we are picking them up.  Below are a few of the trades we made this past week:

Cemex SAB de CV ADR (NYSE: CX): 9.34% gain in the stock

Opendoor Technologies Inc. (NASDAQ: OPEN): 18.45% gain in the stock

OraSure Technologies, Inc. (NASDAQ: OSUR): 8.86% gain in the stock

Now is a good time to become a member of Rapid Profits Stock Trader. The system is geared towards bringing you consistent, short-term gains of 5-10% and you can expect four to six trades every month.

To receive a risk-free trial and save 50%, click here now!

3. Covered Call Options Play

Century Casinos Inc. (NYSE: CNTY) — Century Casinos Inc. is currently trading at $9.59. The March 17 $10 Calls (CNTY20230317C00010000) are trading at $0.35. That provides a return of about 17% if CNTY is above $10 by the expiration.

Learn more about our Covered Call Tables here!

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