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

Tuesday | June 9, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: June 8

SPX POSITIVE FOR THE YEAR

After closing below 3,200 the first time reached, it was inevitable given the market's strength to close above it sooner than later.

Once again, the beaten down coronavirus stocks (travel and banking) led the way higher while tech stocks struggled. AAPL, for instance, was down much of the day until a later rebound.

At the end of the day, the SPX struggled to pierce the UNCHANGED level for the year, but we made it. The SPX is now higher by 0.05%.

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TODAY: June 9

SHORT TERM – It is a hard call to say “I expect some profit taking with the market testing 3,200”, but I would not be surprised. Yet, with all the people feeling late to the party, we could start seeing massive buying come in with the $5 trillion sitting in cash.

LONG TERM – NEW ALL TIME HIGHS (possibly), and then a NASTY trade war sell-off

TODAY – It is a hard call to say “I expect some profit taking with the market testing 3,200”, but I would not be surprised. Yet, with all the people feeling late to the party, we could start seeing massive buying come in with the $5 trillion sitting in cash.

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 -35% for the year.

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
(0.05% so far)

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You will notice that the class for the 17th has changed from “SCOTT'S PIC” to “Layer Spreads”. With the market moving as it is, this is not only a great topic, but has been asked for as well.

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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.

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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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