Sunday, June 10, 2018

G-7 Meeting Contentious as Expected (Weekend Newsletter)

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Weekend Newsletter for
June 10, 2018


Table Of Contents

1) MARKET SUMMARY from THE DAILY

2) STOCK SPLIT REPORT

3) IH ALERTS

4) SUCCESS TRADING GROUP

5) COVERED CALL SERVICE

      

Jon Johnson
1) MARKET SUMMARY
         > >From "The Daily" by Jon Johnson at InvestmentHouse.com


The big story over the weekend was the G-7 (fka G-8, aka G6+1).

- G-7 meeting contentious as expected, Canada accused of backstabbing was unexpected, but Trump lays it on the table for all to see, offering true free trade between the EU and the US. Bets if ANY nation will agree to truly free trade?
- New highs on many indices, others close, and those lagging are looking better.
- Will the market outlook regarding the future remain the same and yield breaks higher from these good patterns? There is a better chance of that than countries agreeing to true free trade.


Market Summary (continued)
Not that there were no agreements and not that Trump and his advisors called Canada's Trudeau dishonest and a backstabber. Those were indeed humorous moments, and the latter not expected.

No, the real story was what Trump proposed after Europe complained about the US' call for tariffs on the EU. After hearing all the euros complain about the US placing tariffs on EU products because the EU placed tariffs on US products and misused NAFTA, Trump called their bluff -- Trump offered NO tariffs at all between the EU and the US. The old saying be careful what you say you want because you might get it was never more in play. Only Merkel had the guts to say something, and it was at least not negative: she would consider that proposal.

Take that Paul Ryan, Mitch McConnell and all the other fake free trade stooges. They are whining against Trump's tariff proposals because, they say, we have to have 'free' trade with our allies. But there IS NO free trade. The EU imposes all kinds of tariffs on all kinds of US goods. Every day. Saying the US should not impose tariffs because it would disrupt free trade is thus on its face absurd. Why were THEY not saying 'yes we want free trade, so Europe, drop your tariffs on our goods and we won't impose tariffs on yours. Quid pro quo. A bargained for exchange that helps all participants.

Now the question is out there: do the euros REALLY want free trade? Do the congressional republicans really want free trade or are they protecting their donors? It is out there. We could have free trade. Are there the guts to really take it?

Read "The Daily" Entire Weekend Summary
Watch Market Overview Video
Watch Technical Summary Video


Here's a trade from "The Daily" and insights into our trading strategy:


Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.

With several market indices breaking higher, we were banking some gain on positions that were hitting initial targets, still letting many ride higher with a half remaining position.

NVDA (NVIDIA Corp.)
Company Profile
We banked half of the 50+% option gain. Bought the July $245.00 strike calls for $15.75 on 5/17, sold 6/4 for $23.85.

GOOG (Alphabet Inc.)
Company Profile
Bought some August $1065.00 calls on 5/9 for $55.75. Sold them on 6/4 for $93.50, banking 67%. Of course GOOG continued higher on the week--glad we kept a half position.

BA (The Boeing Company)
Company Profile
Bought some July $350.00 strike calls on 5/18 for $14.77, sold half on 6/6 for $22.65, banking 53%.

IQ (iQIYI, Inc.)
Company Profile
Bought some stocks at $22.49 on 5/22 along with some Sept. $22.50 strike calls for $3.50. Sold half the calls for $7.79, half the stock for $28.3 (122%, 25%). IQ surged higher again Friday, driving the remaining position higher in value.

CDXS (Codexis, Inc.)
Company Profile
Bought some stock on 5/4 for $11.84. Took a while, but CDXS broke higher last week and hit the initial target. Sold it for $14.52, banking 22% as it rallied then reversed the next session.

DATA (Tableau Software, Inc.)
Company Profile
Bought some July $90.00 strike calls on 5/8 for $6.85. On 6/7 sold half for $11.40, banking 66%.

GALT (Galectin Therapeutics, Inc.)
Company Profile
Picked up the stock on 5/30 at $4.76, sold half on 6/8 for $6.1, banking 28%.

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2) STOCK SPLIT REPORT

Playing stock splits can be very profitable, but it takes know-how. Our stock split service focuses on three main types of plays:

1) pre-announcement (where we forecast an upcoming split prior to the company making the announcement); 2) pre-split (these plays are made in the days leading up to the actual split day); and 3) post-split plays (plays made after the actual stock split where the stock is showing continued or renewed strength).

Listen to Stock Split Report Editor Jon Johnson's
stock split interview on CNBC-TV [ View Here ]



Here's a leader play and our current analysis.

Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
AAOI (Applied Optoelectronics--$45.36; +0.38; optionable): Semiconductor integrated circuits
Company Profile
EARNINGS: 08/07/2018
STATUS: Flag. AAOI blasted higher in late May as it surged off the bottom of an 8 month inverted head and shoulders formed after AAOI gapped down in October 2017. That surge back up in late May and a jump higher intraday early June touched that lower gap point. From there, AAOI tested last week, waiting for the 10 day EMA to catch up to the move. It has now more or less done so, and we want to play a fill of the gap or a good part of the gap as AAOI makes its next break higher after this consolidation. A good upside break on some better volume is the entry signal.
CHART VIDEO
Volume: 913.001K Avg Volume: 1.479M
BUY POINT: $47.11 Volume=2M Target=$55.96 Stop=$44.09
POSITION: AAOI SEP 21 2018 45.00 C - (57 delta) &/or Stock

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Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
3) IH ALERTS

EXAS (Exact Sciences--$63.26; +0.05; optionable): Biotech
Company Profile
EARNINGS: 07/26/2018
STATUS: Breakout test. EXAS got away from us on that initial move in late May as it gapped a bit then surged higher out of a month-long lateral move that put the finishing touches on its 7 month base. Nice rally to early June; okay, missed that one, but look for the next. Last week saw EXAS hit a peak on a Wednesday gap higher and has since tested. Friday EXAS tapped the 10 day EMA on the open then surged back up on strong volume. Upside volume is quite strong, showing still plenty of buying. We want to enter as EXAS continues upside on this bounce off the 10 day EMA.
CHART VIDEO
Volume: 3.139M Avg Volume: 2.224M
BUY POINT: $63.81 Volume=2.8M Target=$71.85 Stop=$61.14
POSITION: EXAS JUL 20 2018 65.00 c - (43 delta) &/or Stock

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Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
4) SUCCESS TRADING GROUP
--by the MarketFN STG Team

TXT (Textron, Inc.)
Company Profile
Our Success Trading Group members will be looking to enter new positions next week. We have many stocks on our radar including Textron, Inc. (Ticker: TXT) and Altria Group, Inc. (Ticker: MO).

Our Success Trading Group closed
7 years with 0 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 1 open position from 2017 (all others were winners) and 1 trade that we opened in 2014 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.

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Chart by StockCharts.com
Please turn on your ability to receive graphics. We are providing you with a detailed chart of this stock. If you are unable to turn on graphics, please CLICK HERE or on the *Read Our Weekend Report Online* link above.
5) COVERED CALL PLAY

TLRD - Tailored Brands Inc. is currently trading at $33.16. The July $33.00 Calls (TLRD20180721C00033000) are trading at $2.80. That provides a return of about 9% if TLRD is above $33.00 on expiration Friday in July.
Company Profile



Learn more about our Covered Call Tables


PREMIUM SERVICES
IH Alerts: InvestmentHouse.com's Best of The Best Plays!
Stock Split Report: Forbes.com Best of the Web
Covered Calls: Allowed in your IRA - Energize your portfolio!
The Daily: "The Daily" is a must read for all investors!
Success Trading Group: 7 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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1 comment:

Sonal Jain said...


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