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 | June 3, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

image
image
image
image

YESTERDAY: June 2

It was a VERY slow day with the media covering nothing but the riots. They have to be loving it as it finally revives their sagging audience and ratings, so they sensationalize it. Meanwhile, the world is so stressed and forlorn that no one is doing anything and anti-depressant scripts are up 300%.

As a result nothing is going on in the markets, but it is a top being wound up. It will unwind and spin around the room big time – probably higher before it falls like a rock.

We saw yesterday what we have been seeing for the last couple of weeks – all the action in the first and last 30 minutes of the day. Yesterday saw an end-of-day rally that took the Dow up almost 300 points. The rotation from FAANG to travel stocks is still going on.

image

TODAY: June 3

TODAY – Ready to test 3100?
MEDIUM TERM – Consolidation around 3,000 but testing 3,100.
LONG TERM – NEW ALL TIME HIGHS (possibly), and then a NASTY trade war sell-off

With the riots calming down everywhere except in cities with impotent mayors and a lack of China rhetoric, I expect the day to be bullish enough where we may get close to 3100 in the SPX. We are only down 4.6% for the year and there is a ton of cash on the sidelines, along with interest rates near zero.

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 -35% for the year.

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
(-4.64% so far)

POT Logo



Separate update to come.

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

image

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.

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