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

Wednesday | April 15, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: April 14

The day started with some bank earnings that disappointed, but were not as frightening as people feared. Prior to the open and the earnings, you could sense that anything short of a disaster beyond anyone's comprehension was going to send stocks higher. The E-Minis were up 30 points prior to earnings even being released.

After the release of some company earnings that expectantly disappointed, the market took off higher with the SPX opening higher by 45 points. Within the first hour, the Mini SPX futures were higher by 80 points with the Dow advancing 500 points.

Most of the day, the SPX gently bounced around SPX 2810 (about +50) and SPX 2840 (+80). The same stocks that took us to all-time highs last year were the ones in charge today. AMD, AAL, AMZN, GOOGL, and FB were the largest bulls with AAPL closing higher by 13.80 (287.05).

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TODAY: April 15

Minis are down -20 at the time of this writing, indicating a -200 Dow opening, but I am not taking that into consideration. There is so much buying going on that I would not be surprised if we close higher on the day, even though we have run off the lows (probably) too fast.

Think about it... just 2 – 3 weeks ago, the market was down over 30% for the year (35% from highs) and now we are down only 12% with the NASDAQ almost unchanged. The government added $2.2 trillion and the Fed even more. That money is propping up the markets.

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 inter42mittent volatility
(-12.32% so far)

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POT CLASS

Class tonight as we work a normal schedule back into the routine now that the markets are much calmer.

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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.

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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.

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