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

Tuesday | February 4, 2020

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: February 3

Confusion

The market as measured by the SPX opened 10.14 higher and immediately ran to +42.92 in the first hour. This had everyone thinking that the bottom in the Coronavirus scare was behind us, and the market was now moving on to ignore it.

After the first hour, the market gave back half its gains with the SPX settling in a range between 3245 and 3255.

INTERESTING

AAPL struggled to stay just under the unchanged line despite the market higher.

TSLA – closed up another 19.8% at 780. This was up $129.43. Crazy.

VIX – only closed down 0.87 at 17.97. IT stayed puffed higher from Friday's close, which was a little sticky and unusual.

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TODAY: February 4

ELECTION

This is going out later than usual because I am waiting for the results of the Iowa Caucus. The voting ended 4-5 hours ago and no one knows the democrat results yet. Apparently, precinct captains are on the phone and on hold for HOURS with no one answering the phones at headquarters. The good news is every candidate is claiming a participation trophy and victory. LOL I guess a simple vote is too easy and effective for big government devotees – not enough steps.

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MARKETS

I expect the markets to move higher and test yesterday's highs of SPX 3.268.44. Barring anything surprising in a huge spike in Coronavirus patients showing geometric growth, we should close higher.

STATE OF THE UNION TONIGHT

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(-0.16% so far)

POT Logo



Separate update coming.

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DISCUSSION BOARD

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Really quickly...

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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

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