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

Friday | October 23, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

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DAYS UNTIL ELECTION = 11

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YESTERDAY: October 22

SPX 3453.49 17.93

After the close on Wednesday, the night minis were unchanged to higher by 2 points. Then at about 6:30pm, the FBI cut in and had a special announcement that Iran and Russia were trying to interfere with the election IN FAVOR OF BIDEN.

I was going to make a joke about this considering for four years we have been hearing how close Putin and Trump are. Now we are hearing they want Biden to win? I'm confused!

I decided to keep my mouth shut as I learned a valuable lesson from my dog this week. The reason a dog has so many friends is that he wags his tail instead of his tongue.

This sent the minis in the night session down -30. We bounced a little before the open, but still opened down -20 points. The was a great break for our POT students who sold put spreads and bought call spreads on the open.

After the open, Nancy Pelosi had a news conference. To her credit, she was much more professional than usual, and optimistic about a deal. With this, we bounced from -24 and sat near the unchanged line. Thank you madam speaker.

After the half-way mark of the day, the market started to climb and eventually closed higher by 17.93 SPX points. The Dow closed higher by 152.84 points.

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TODAY – Hostage Situation – Probably higher, unless more failed stimulus talks.

DEBATES.

People are asking “who won the debates?” To me the answer depends on your beliefs and where you live. Biden got caught lying about fracking and oil – caught hard.

If you listen to FOX, Trump killed it. If you listen to CNN, they never heard of Trump. WGN is a liberal station, but more fair and neutral that most...they claim Trump won. Yell at them, not me. Who knows?

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What will it do to the markets? Not much. Much more influential things will be coming out in the next few days.

I have told people things are going to get crazier and crazier, and they will. WATCH.

I am still standing by my prediction (made December 31, 2019) that we will be positive for the year and making new all-time highs by the end of the year. I maintained this stance even when the SPX was down -36% for the year (this has been here since January 1).

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 intermittent volatility
(+6.34% so far)

POT Logo


Continued TURTLE WAX trading and likely to start 5-Year Millionaire.


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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.

Apparently toilet paper roll glasses is the best way to avoid Corona.

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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.

COPYRIGHT (c) Material 2019 | Stratagem Trading | StratagemTRADE.com

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