Invest and Trade Profitably with Jon Johnson

Weekender For 3/13

1. Market Summary

Excerpted from Thursday’s paid content of Investment House Daily.

Failed Peace Talks Take the Starch Out of the Wednesday Move

– Failed peace talks take the starch out of the Wednesday move. While they stalled for the day, there was a bounce to resistance to prepare for the next stall.
– Stocks sell, but then recover off of the lows as a bid lurks. That looks as if it will continue the relief move.
– The Consumer Price Index (CPI) is in line at a 40-year high. Whew, I thought it might be worse (that is sarcasm).
– The market is still leaning toward a further rebound, but most patterns need more work to get to good entry points.

The “surprising” failure of peace talks between Russia and Ukraine turned the Wednesday gains into early losses. Stock futures dove early, but recovered somewhat on the CPI data. Apparently, meeting expectations of 40-year inflation highs was a positive.

After the bounce from the data, however, the selling resumed. Stocks bounced at the open, rallied for roughly a half hour and then rolled back down to the time that the European markets closed. From there, we saw a recovery to session highs and a bit more on the SPDR S&P 500 ETF Trust (NYSEARCA: SPY), which closed out near the session high. With that great recovery, stocks avoided another scalding loss, and instead traded it for just your average, run-of-the-mill loss.

NOTE: The figures and information above are from the 3/10 report.

Watch the Investment House Videos For This Week Here!

NOTE: The videos are from the 3/9 report.

2. Targets Hit

In Investment House Daily this week, we were playing the upside with energy and metals and the downside with growth stocks. Here are some gains we took this week:

Upside:

Alcoa Corp. (NYSE: AA): 58% gain in the options.

Diana Shipping Inc. (NYSE: DSX): 4.7% gain in the stock, 55% gain in the options.

Harmony Gold Mining Co. (NYSE: HMY): 28% gain the stock, 133% gain in the options.

PBF Energy Inc. (NYSE: PBF): 40.2% gain in the stock, 170.7% gain in the options.

Downside:

Nike Inc. (NYSE: NKE): 109% gain in the put options.

Lattice Semiconductor Corp. (NASDAQ: LSCC): 38% gain in the put options.

Microsoft Corporation (NASDAQ: MSFT): 64.9% gain in the put options.

SPDR S&P Homebuilders ETF (NYSEARCA: XHB): 40% gain in the put options.

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

A smaller and smaller portion of the market is trending higher, but this part is still lucrative. At the same time, a larger and larger portion is turning downside. We banked lots of gains on those moves in Technical Trader Alert this week.

Upside:

Fluor Corp. (NYSE: FLR): 82% gain in the options.

Ferroglobe PLC (NASDAQ: GSM): 85% gain in the options.

Newmont Corporation (NYSE: NEM): 125% gain in the options.

Patterson-UTI Energy, Inc. (NASDAQ: PTEN): 78% gain in the options.

Southern Copper Corp. (NYSE: SCCO): 88% gain in the options.

Downside:

Adobe Inc. (NASDAQ: ADBE): 47% gain in the put options.

Amazon.com, Inc. (NASDAQ: AMZN): 50.7% gain in the put options.

Alphabet Inc Class A (NASDAQ: GOOGL): 34.7% gain in the put options.

HubSpot Inc. (NYSE: HUBS): 56% gain in the put options.

Cloudflare Inc. (NYSE: NET): 25% gain in the put options.

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

Here are several completed trades from Success Trading Group, offering insights into our trading strategy and the targets that we have hit this week:

Tellurian Inc. (NYSEAMERICAN: TELL): Energy continues to rise in this environment, and we are continuing to look for plays that can produce good returns in short order. TELL broke over the 200-day simple moving average (SMA) in late February and then tested it through the first week of March. Indeed, the test of a breakout is a great entry. When TELL broke higher off of the 200-day SMA, we issued the alert.

On March 7, we sent out the alert to buy TELL for $4.09. The stock closed off of the high at the end of that session. On March 8, however, TELL surged higher to near the November peak. Once there, it started to waffle. So, we issued an alert to sell the stock for $4.38 in order to bank a nice 7% gain in a short, sweet trade.

We also took gains in the following positions:

Diana Shipping Inc. (NYSE: DSX): 5.3% gain gain in the stock.

Hecla Mining Company (NYSE: HL): 2.2% gain in the stock.

Exxon Mobil Corp. (NYSE: XOM): 3.3% gain in in the stock.

Now is a good time to become a member of the Success Trading Group. 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

Canadian Solar Inc. (NASDAQ: CSIQ) — Canadian Solar Inc. is currently trading at $34.92. The April 15 $35 Calls (CSIQ20220400C00035000) are trading at $2.60. That provides a return of about 9% if CSIQ is above $35 by the expiration.

Learn more about our Covered Call Tables here!

Log In

Forgot Password

Search