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

Monday | December 9, 2019

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

image
image
image
image

YESTERDAY: December 6

Strong economic numbers and renewed hope in a successful trade deal allowed the SPX to go higher by 17.19 points, and they keep going. The market found an equilibrium point in a range of 3145 to 3150. The high of the day of 3150.60 (+33.17) was tested a few times, but the range stuck. Even in the last 20 minutes, the SPX saw an attempt to close at higher levels, but that failed. Running out of forward momentum, the SPX settled at the lower end of the day's equilibrium level of 3145.91.

NOTABLE MENTIONS:

AAPL closed up 5.13 (1.9%) on reports that their ear phones were in short supply. The stock made a new 52-week high of 271.

BA – Boeing (BA) made a small bounce after two weeks of heavy pressure to the downside. The stock closed up 8.41 (2.4%) at 354.09.

VIX – The VIX fell 0.90, but is starting to get sticky near the lows of 13.62.

image

TODAY: December 9

The SPX did not close at the highs of the day, which is often an indication a tiny drop the following day may occur. The other side of the coin is the SPX got within 4 points of the all-time highs, and is only $8 away from those highs of 3154.26. Any touching of 3156.26 will probably result in a temporary selling pressure, but I expect this to be breached soon. As a matter of fact, good news on China will likely cause massive capitulation buying, which should then result in the first good opportunity to get short deltas. In the mean time, however, you can't fight this trend.

2019 ONE-YEAR PREDICTION: MUCH HIGHER (+27% so far)

2019: MUCH HIGHER FROM HERE (2506.85 SPX) – (prediction made January 2, 2019) but not a straight line, and not without some volatility. Trump WILL get his wall. China will buckle and blink first. The Fed will go back on their medication, and spend time thinking about what they say (before saying it).

ARE ANY OF THESE COMING TRUE? Look at the exact words I said about “blinking first” a year ago.

POT Logo



A separate update coming.

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