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

Thursday | September 10, 2020

Hello Eizell.



YESTERDAY: September 9

SPX 3398.96.

We had a HUGE run higher, peaking last Wednesday at SXP 3588. Then a fast 3-day drop into correction territory. Now the fun begins. Yesterday was almost a mirror image of Tuesday's market.

Yesterday, the market opened and ran right to SPX 3400. It got as high as 3424 (+92 points) before selling off 25 points on the close.

AAPL and TSLA both jumped higher yesterday – 4% and 11% respectively. This was not the main reason for the premature victory party of the new bull market. Neither was the news that Donald Trump was nominated for the Nobel Prize.

Trump seems to be the only president since I graduated highschool that has not had his own war. How is he expecting to go down in history as a great leader without a war named after him?

Reagan – Invasion of Grenada
Bush Sr – Gulf War (1990-1991), Invasion of Panama, Bosnian War.
Clinton – Kosovo War
“W” Bush – Iraq 2.0 (2003-2011)
Obama “The intervention king” - Libya, Syria, Yemeni and Libya

Most of yesterday's bounce was on rumors that we are going to get a “skinny deal” for additional covid relief today. We will see.


TODAY: September 10

TODAYHard to say. Everyone is confused.

On the close yesterday, we had the minis drop -25 points in the last few minutes. Most of the time, this is last minute “market on close” orders played by big firms – unless news came out. I didn't see any news. Sure, the market was hovering near the highs of the day at 3420 (+90). Sure, there was a big even number close of 3400.

If the selling was just games, typically we see the next day's market go after that number again, which would be SPX 3420. This is 20-25 points higher.


Sept 29 – Presidential debate #1
October 15 – Presidential debate #2
October 22 – Presidential debate #3

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 -36% for the year (this has been here since January 1).

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.

Average year with lots of intermittent volatility
(+5.21% so far)

POT Logo

We changed gears last night. The originally scheduled programming was suppose to be INDEX PAIRS CREATION, followed by Full House and Golden Girls. We changed topic to give viewers like you a special class on the DRAGONFLY COMPLEXITIES.

Tuesday, we did a garden variety D-fly when things began to get weird. We sold a D-fly against it to take money off the table.

As the market flew in large swings of >90 lower and the higher Wednesday people worried about the “sink hole” (loss area), the position looked goofy and full of risk on the screen. However, one small condor adjustment of rolling shorts to the longs made the trade a very remedial condor and butterfly.



Up and Running for POT students (so far).

Really quickly...

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P.O.T. Schedule to come.


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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