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

Tuesday | January 7, 2020

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: January 6

Pre-Market

The indexes were set to open lower because of a US base in Kenya being attacked, and harsh rhetoric from Iran that their “poet” Salami has been neutralized by President Trump. No one is sad that “Robert Frost” Salami was killed, but are upset that it was Trump who did it. They are even upset that he did it on the “road most taken” in the past by Salami's road bombers – and that made all the difference. (Maybe some will get the humor here).

E-mini futures were down about -14 to -20 going into the open.

OPEN

The SPX opened down -20.21, and QUICKLY climbed after the open. If you missed the first 5 minutes of trading, you could only get long the SPX at 3220, not 3214 like on the open. Within 20 minutes the SPX was at 3227.

DAY

After the open, the SPX climbed higher with AAPL leading the way. The SPX got to 3235 (the unchanged line) and sat until after lunch. At 1pm Chicago time SPX climbed $5 and sat (3240) until he close.

CLOSE

The last 20 minutes saw buyers come in, finally comfortable in taking some risk on despite Iran. On the bell, the markets ran higher with the SPX closing up $11.43 at 3,246.84.

SUMMARY

It is hard to sell off with the Fed dumping money in the markets with BIG shovels.

This whole Iran thing is stupid. Iran has been attacking US interests for months. Shooting drones, torpedoes into oil tankers, attacking our Embassy. Now people are worried that killing Salami is going to start a war? Seriously? The market figured out this at about 1pm Chicago time.

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TODAY: January 7

TODAY

With the Fed pumping money into the markets, China worries distant, impeachment falling flat and looking like a partisan scam, and a current bullish trend....the markets will start climbing again. Interruptions to the climb will be unpredictable news events and Trump tweets.

I am NOT a permanent bull. I think we have a large drop coming, but since it didn't happen when we had the news for it, the market is not ready to fall yet.

2020 ONE-YEAR PREDICTION: Average year with lots of intermittent volatility (+.48% so far)

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MY PROMISES

This is going to be the funnest year for me. I don't know if you will agree. I assume I will offend 10% of people as it is an election year, and people take their candidates too seriously these days.

  • Three books will be done this year.
  • This will be my hardest working year since Stratagem started.
  • Rapid growth in company will benefit you.
  • The best Maui class ever is coming
  • BEST (by a long shot) POT EVER
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DISCUSSION BOARD

Up and Running for POT students (so far).

Really quickly...

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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.

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Disclaimer

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