2. Targets Hit
Here is one completed trade from Investment House Daily, offering insights into our trading strategy and the target that we have hit this week: Apple Inc. (NASDAQ:AAPL): AAPL was heading towards its earnings report when it made a test of the 50-day moving average (MA) after three months of riding up the 10-day exponential moving average (EMA). On Friday, it gapped lower, tapped the 50-day MA, rebounded nicely until the market closed and almost finished flat -- buyers really stepped in and bought the stock. We then put it on the report. On the following Monday, AAPL continued the move higher. As we were looking for a run to earnings, we moved in with September $380 call options for $17.65 when the stock was at $379.42. AAPL then moved higher on the week, but it was not much of a move. Part of the problem was that the market was very pensive as a result of the Federal Open Market Committee's decisions, Chairman Powell’s press conference, whether the new stimulus bill would pass, the congressional hearings on the Big Four (Apple, Amazon, Facebook and Google) and the Big Four's earnings. We decided to hold the position through earnings, given the fact that AAPL did great business during the quarter, even amid the lockdown-like atmosphere. Our assumption turned out to be correct, as AAPL reported huge gains on just about every front. After the stock gapped upside on Friday, we sold the options for $35.90 and banked a solid 100% gain. Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here is one completed trade from Technical Traders Alert, offering insights into our trading strategy and the target that we have hit this week: Monster Beverage Corp. (NASDAQ:MNST): From early May through early July, MNST set up a pattern that we liked quite a bit -- a double bottom that formed as a test of a prior run higher. MNST then rallied during the entire month of May and peaked near $74. It then sold back to the 50-day EMA and the 50% Fibonacci retracement of that rally. Then, the stock bounced and faded back to that level to end the month of June. After it worked laterally for a bit and broke higher in early July, we put it on the report and were ready to move. On July 6, we entered the play and bought September $70 call options for $4.90. At the time, the stock was trading at $71.26. MNST then jumped higher and faded to test the initial move. Although it held the 20-day EMA, it started back upside in mid-July. From there, it was a steady, albeit rather slow, move up the 10-day EMA. On Tuesday, July 28, MNST hit our initial target. So, we sold half of the options for $8.15 and banked a 65% gain. As MNST continued higher up the 10-day EMA into the weekend, we will see if it continues this steady move. We plan to let it work as long as it continues to work upside. Receive a risk-free trial to Technical Trader and save 50% by clicking here now! There were no new trades in the Success Trading Group this week. Still, 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! | 
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