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

Wednesday | January 22, 2020

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: January 21

Pre-Market

Nothing can keep this market from setting new record highs every day EXCEPT a good plague out of nowhere.

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Overseas markets, particularly China, were lower as the slow moving spread of the Coronavirus started to spread fear. Roughly 15 healthcare workers also contacted the virus while working with patients.

This sent the Minis down -$10 points going into the open.

TRADING DAY

Traders felt the markets were a little busy; however, we were once again in a $10 SPX range during the day. That is 1/3 of 1% of a move – nothing.

AAPL was down $2.16 (0.68%) at $316.57. TSLA was on fire making new highs and closing at $547.20 (+$36.70), which was +7.2% higher on the day.

BA closed down 10.78, helping lower the Dow on the close by -152.06. The SPX closed down -8.83.

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TODAY: January 22

HIGHER. WHY?

Reason One: We are in a big bullish trend.

Reason Two: The selling because of the Coronavirus is overdone given the facts (so far).

Reason Three: I am watching the first day of the impeachment process. If OJ Simpson was the “Trial of the Century”, this will be the “Tylenol PM of the Century”. I tried hard, but I could not watch the hearings.

I am willing to bet that the Nielsen Ratings are lower than Sponge Bob reruns. When no one cares, there is no impeachment.

Reason Four: Earnings.

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(+2.79% so far)

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Separate update will be sent.

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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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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.

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