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

Monday | January 21, 2020

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: January 17

Friday was a typical pre-3-day weekend, especially given the strong climb we are seeing. We have had 12 trading days this year, and only 2 have been less than double digit SPX lower.

As is customary this year (so far), we jumped higher on the open, sat in a tight range (this time $5 SPX points) the whole day, and ran up more on the close. It is a great market for investors who have made 3.06% so far this year on the market, but a living hell for traders. I only see two days where intra-day trading provided opportunity. I only participated on one of those days.

Of course AAPL was higher – it is higher every day. The stock closed up $3.49 at $318.73 (another 1.11%). Despite being up everyday, the VIX's decline is very sticky, declining very small amounts on the way higher. A bottom?

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TODAY: January 21

On this day in 1903, Houdini escaped from a jail cell and the SPX is escaping from the trend of opening higher every day.

This week is the start of the Senate Impeachment hearings of Trump that are expected to go nowhere. Democrats, to their own undoing, have blundered this process every step of the way. Nancy Pelosi even said that the Ukraine transcript, that she had not even read, will be the basis for impeachment. Another one of Nancy's “We have to impeach the President" to read what is in the transcript” speeches. As such, even the majority of Never-Trumpers don't take this impeachment seriously and as anymore more than partisanship.

Think about it....if Nancy can get rid of Trump, only Pence stands in the way of her being President.

Below is a history of the Republican Presidents impeachment. The democrats have tried to impeach every President since Eisenhower, and they had a point with Nixon. Poor Gerald Ford was not respected enough to even be impeached, rather he had to settle for being shot at by Squeaky Fromme, one of the Manson girls.

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Riding roughshod over logic and facts, along with a Republican senate, no one is expecting anything from this process. Traders are expecting a full acquittal until round 4 starts where Trump is impeached for returning a Blockbuster video in 1984 without having rewound it.

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Remember:

No one even knows what Trump is being impeached for, so here are the two charges:

ONE - “Obstruction of Congress” is not an impeachable offense. If anything it is doing their job for them.

TWO - “Abuse of Power” is the second charge against Trump, and that too is NOT an impeachable offense.

Starting Wednesday, both sides will have 2 days each (total 24 hours) to make their opening arguments.

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(+3.06% so far)

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Separate update will be sent.

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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

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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.

Looks like a strike to me.

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Disclaimer

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