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

Tuesday | July 21, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: July 20

FINALLY

We have been having bad news for 2 weeks. Cities possibly shutting down again, coronavirus cases increasing, tax increase proposals by Biden and NY city, antivirals losing effectiveness quickly, and Metallica canceled their Sept 17 concert in Kentucky. Not such tough guys after all. Oh...the humanity.

Yet I have been saying for weeks we are going to break through 3233 and go positive on the year in the SPX. We did just that yesterday. If there was only a way of knowing if I thought Sunday that we would do this – like a MORNING COFFEE REPORT. Hmmm.

In the middle of the night, minis did fall to 3200, and then run higher.

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The market opened and quickly ran to the magic number 3233 where it sat all morning. Not sure if it wanted to stay there or fall, the SPX played with 3233 until just after lunch time. At this point, it was looking like 3233 was not going to be sold, and the SPX then started to run higher until the close.

AAPL and TSLA came out of their several day hibernation and ran like Forest Gump. AAPL closed higher by $8.12 (2.11%) and TSLA closed higher by $142.16 (9.47%).

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TODAY: July 20

TODAY – RUN FOREST RUN.

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

The market is about to blast off hard. We have more than $4 trillion in cash in money markets. This is the most hated bull market ever. Everyone is missing the run higher, and when they jump in buying via capitulation....we will spike higher.

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
(+++++0.65% so far)

POT Logo


This week's class will be a TRADING HOURS class that starts 30-minutes BEFORE the market open. A vote by students wanted to change it to “MORNING FADE” and entering orders to be executed prior to the market hitting the price. It is going to be fun.

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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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