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

Wednesday | December 18, 2019

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: December 17

The market was very quiet despite the economic numbers and impeachment hearings. The SPX was in a $5-point range most of the day. The SPX closed up $1.07 and the Dow closed up 31.27. This was the fifth day in a row of the market closing higher, and the SPX is up 100 points since the 4th .

The day was so quiet that there is nothing to even talk about as a big mover independent of the indexes. After the close, FedEx (FDX) is disappointing in earnings and is down 7% in after hours trading.

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TODAY: December 18

Once again, we are in a holding pattern just under a big number (SPX 3200) waiting for surprise good news to take us above the ceiling. In the last few months, these things have taken between days and months to break through with no degree of predictability when it would occur. Today is a critical day in the impeachment events, but I doubt this will be the catalyst to take us above 3200.

2019 ONE-YEAR PREDICTION: MUCH HIGHER (+28% 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.

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Separate update is coming.

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LAUGH OF THE DAY

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You provide the coffee and we will take care of the rest.

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