image
Stratagem
Facebook Twitter YouTube

Having trouble viewing this email? Click here

Prepared by StratagemTRADE.com and Scott
Writing under the nom de plume of J.L. LORD

Wednesday | September 16, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

image

DAYS UNTIL ELECTION = 47
Days First Debates = 12

image
image
image

YESTERDAY: September 15

SPX 3401.20 +17.66 (0.52%)

In the Morning Report yesterday, I wrote my prediction as “Testing 3400 again”. Not only did we get above 3400, we got to 3419.48.

image

Yesterday was the AAPL new product release day. APPL is now making the term “new product” an oxymoron like Shakespeare's “sweet sorrow”, or the saying “same difference”. Being a pilot, I don't want to think about another oxymoron, “crash landing”. I love another oxymoron, “fine mess” - it was a great movie and the ending of one of my relationships.

Yesterday, the markets opened 30 SPX points higher, and stayed up there patiently waiting for the results of AAPL's new product release. SPX 3410 seems like a good spot to rest. If the news was great, we were already half way to our destination. If the news was bad, we didn't have far to fall to go back to base – SPX 3400.

image

Shortly after noon Chicago time, the market started to get weak as the new and improved products were announced, except nothing was new. As for improved? WHAT WOULD IT BE THIS YEAR? For another $1,200 do we get the color orange? Do we get a 4th....9th, camera? Do we get an extra 3 mm larger screen? Oh, the suspense was killing me, and neophytes to the game ran the stock $3 higher in anticipation.

As we slowly heard what the product of 12,000 of AAPL's most brilliant engineers were going to come up with, dad's pull my finger joke started to get old by the 6th year and the stock started to fall back to the unchanged line. Seriously? Twelve-thousand people can't come up with anything 5% as creative as what Steve Jobs use to churn out every year after a mushroom trip to Burning Man?

Darwin was wrong, or Tim Cook hires people void of imagination. Nothing was new, and using the term improved is almost an abuse of the word “improved”. Sure, the new iWatch will be taking O2 levels, but none of the 12,000 over-paid geniuses came up with that. Hospitals do it all the time, and other companies make products that do it. Just buy the technology.

Stratagem can give free ECG's at their seminars, but that doesn't mean we invented the technology. Nor does it mean people will come to our seminar because of it.

At the end of the day, AAPL had fallen for a high of 118.89 to a low of 115.79, before bouncing back to close about unchanged. Actually....that is a win for AAPL as they have fared worse in recent years with their “lipstick on a pig” trick.

image

FREE ADVICE: Send out an offer to every high-school in the country announcing free college for 5 people who have the best idea for new technology, and then get the 12,000 engineers to do it, or start looking at AAPL for what it is – a utility. Sticking crap from other companies into existing products is not innovation. It is “crafts”.

image

TODAY: September 16

TRIPLE WITCHING WEEK

TODAY – 3400 test again.

Though we were testing 3400 to the upside yesterday, I see no reason not to test it again – this time to the downside.

I hope I am wrong, and AAPL jumps and the SPX follows. It will be much easier to predict the market if we start stringing gains together, and have an “official trend”.

Disclaimer

The election is getting close. I AM SO SICK OF POLITICS, I CAN'T TAKE IT. Even the Pope talks more about politics than religion. Seriously. But that doesn't mean it is not the state of the world, and the games are going to get dirtier. With that said, it will move the markets in ways I can't anticipate in this report. Biden yesterday all but said that if he is elected, you will see less wildfires and hurricanes. That is enough for my vote, and totally credible. Who doesn't want a president who can control the weather?

NEXT BIG DAYS:

Sept 29 – Presidential debate #1
October 15 – Presidential debate #2
October 22 – Presidential debate #3

I am still standing by my prediction (made December 31, 2019) that we will be positive for the year and making new all-time highs by the end of the year. I maintained this stance even when the SPX was down -36% for the year (this has been here since January 1).

S&P 500 Price Limits

From 8:30 a.m. to 2:25 p.m. CST, there are successive price limits corresponding to 7%, 13%, and 20% declines below the previous trading day’s reference price.

From 2:25 p.m. until the 3:00 p.m. CST close of the cash equity market, only the 20% price limit will be applicable.

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(+5.27% so far)

POT Logo

Tonight's class is moved to Friday in order to conduct the class during trading hours during a triple-witch! Sounds scary right before Halloween. It would have been another great day to do a Rolling Thunder spread, but I just wasn't wanting to gamble on Tim Cook coming up with a dud again. I should have. Rarely do you lose that bet. He is merely the world's best and over paid babysitter of Steve Job's kids. He makes no kids of his own.

image

DISCUSSION BOARD

Up and Running for POT students (so far).

Really quickly...

To help in your quest for the best possible options trading outcomes, we would like to know what level of options trading knowledge and skills you currently have. Please click the button below to indicate what level of trader you are? Please skip if you already responded. Thank you for participating.

P.O.T. Schedule to come.

LAUGH OF THE DAY

Trading is a tough job on a stomach void of coffee and humor.
You provide the coffee and we will take care of the rest.

And like everything else in the country right now.....if you don't like an iPhone you are either an idiot, strange, uncool, a racist, pro-Trumper, or worse of all – poor.

image

Disclaimer

For education purposes ONLY. Please read the disclaimer below. We do not care if you agree or disagree with it—that is the rule. ​​​Stratagem Trading (Stratagem: “StratagemTrade.com,” “Stratagem”), and any of its possible affiliates, respective independent contractors, employees, officers, or agents are not acting as licensed financial advisers, registered broker-dealers,tax advisers, etc. (although some individuals may or may not hold a license). Furthermore, they do not provide financial advice, make recommendations, or conduct business by transacting trades. Stratagem Trading adamantly states that nothing in this communication constitutes a solicitation, promotion, endorsement, offer or recommendation to buy or sell any investment, mutual fund, debt instrument, commodity, derivative product or security as described herein.

Stratagem does NOT offer auto-trades. Case studies being provided are historical examples illustrating how a particular commodity, equity, index and/or option strategy could have been implemented. Stratagem Trading is not providing students with real time trading opportunities, nor giving advice. We strongly recommend that you consult with a licensed financial professional for all your financial matters.

COPYRIGHT (c) Material 2019 | Stratagem Trading | StratagemTRADE.com

here.

If you wish to no longer receive our newsletter, you can Unsubscribe here.

Stratagem Trading 1000 W. 15th Street #243 Chicago, Illinois 60608 United States