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

Friday | January 24, 2020

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: January 23

TRADING DAY

The market opened dramatically lower at 3300 SPX support (-19.88) after reports that the Coronavirus may be much worse than expected. One scientist claimed this was going to turn into a giant pandemic. With the SPX testing 3300 and the Dow falling below 29000, this was the first time people have been nervous in a while.

Later in the day, positive news that the Coronavirus may not be that bad had the markets drifting back to the unchanged line. We closed with the Dow down -26 and the SPX up 3.79. AAPL running higher helped the indexes emotionally. The stock closed up 1.53 at 319.23.

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TODAY: January 24

Until we get a handle on what the likely outcome for the Coronavirus will be, I expect more mood swings like we saw during the China tariff deal. One day, we would get bad news and the market would drop. The next day, Trump or Kudlow would say things are “coming along great”, and the market would go right back higher.

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(+2.93% so far)

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