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

Tuesday | December 10, 2019

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: December 9

Yesterday's MORNING COFFEE REPORT stated that we often will see a tiny drop following days like we saw on Friday.

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The SPX opened very slightly higher, and slowly sank all day. Why? One could make the argument that the impeachment hearings had something to do with it. Others may attribute the fall to the Attorney General report on FISA abuse. I think the slight decline was nothing more than a natural reaction to the previous day's (Friday) jump higher, and the lack of being able to close at the highs. Some people are just taking profits at record highs. Why not? Entering the second week of December with the SPX up 27%, why not take money off the table and avoid having a bad end of year?

BIG MOVERS

AAPL was down 1.4% (-3.79) at 266.92 after making new 52-week highs Friday.

VIX – The VIX closed up 2.24 (16.4%) even though the SPX was down only 0.3%.

AMD – closed down $0.70 (-1.8%) at 38.93.

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TODAY: December 10

The slow decline we saw yesterday indicates (to me) that there are buyers out there still. There was no panic at any given time. The jump in the VIX would have some people concerned that people were out buying downside protection, but I don't think that was it. I think the strong jump in the VIX was nothing more than the product getting hit down too low on Friday.

In short – bullish.

2019 ONE-YEAR PREDICTION: MUCH HIGHER (+27% 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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A separate update coming.

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LAUGH OF THE DAY

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