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

Friday | January 10, 2020

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: January 9

PRE-MARKET

If God is watching us, the least we can do is be entertaining, and we are seeing that now. Tuesday night, Iran launched 15 rockets into Iraq at the al-Assad base, and they didn't kill a scorpion. It did, however, send Minis down -50 for a brief moment. By the end of Wednesday, the SPX closed up 15. Yesterday only two missiles were launched, so the Minis were looking $8 higher going into the open.

TRADING DAY

After the gap move higher on the open, the SPX sat in a nice and tight $9 range. Once again, AAPL led the way higher closing up 6.44 at 309.63. Again, new record highs with the SPX higher on the year (so far) by 1.36%.

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TODAY: January 10

HIGHER

I use to be slightly indecisive, but now I am not sure. Unless there is a surprise in attack in the middle of the night, we will open higher. It seems that the market wants to play with Dow 29,000 and SPX 3,300 soon, and Dow 30,000 and SPX 3,500 eventually. It is an election year, which are usually bullish for the market, but there will be a brief commercial interruption and 10% drop.

We are so overdue for one and I am nervous, but they take time and tend to surprise people. Evening news is where they begin with ‘Good evening’, and then proceed to tell you why it isn’t, but the markets are ignoring it. That too is a bearish sign. The one thing delaying a correction is the Fed is quietly pumping HUNDREDS of BILLIONS of dollars into the system.

What do they see that has them nervous?

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(+1.36% so far)

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Update will be sent separately.

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LAUGH OF THE DAY

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Disclaimer

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