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

Thursday | December 12, 2019

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: December 11

Anticlimactic

The last few days have seen a HUGE amount of news, and the markets don't care. Think about it.....we have had the passage of the USMCA, Congress formally charge the president with 2 counts of impeachment, the Horowitz FISA abuse report and hearings, the Federal Reserve Rate Decision, etc.

YESTERDAY

The news had the Fed announce that they don't plan on doing anything until 2021. We had the Horowitz hearings on FISA abuse that pretty much should have the people in the FBI nervous.

With all of this and fears over the upcoming UK elections and Dec 15 tariff deadlines, you would think that the market would be lower—or at least volatile. The market was instead quiet and drifting higher.

IMPORTANT

  • AAPL again was strong with shares up 2.29 to close at 270.77. The stock was upgraded to a target price of 290.
  • BA – Surprisingly the stock closed up 2.10 at 350.00. After it was announced the places would not be certified until at least next year, the price of BA shares fell close to -$10 lower. After hitting a bottom the stock worked its way back to the green, and closing up $2.10.
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TODAY: December 12

We have the UK elections today, and the weekly jobless claims. We are less than 1/2% from all-time highs. We have had nothing but bad news for the stock market including yesterday's announcement by the Fed that they do not plan on doing anything until 2021. This Fed announcement is bad news for people counting on rate cuts. Yet, we are near all-time highs.

What does this mean? Usually it means the market is going higher. If bad news wont allow the market to collapse, no news or good news will see the markets go higher.

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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Separate update is coming.

Great class on Margin last night.

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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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