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

Friday | June 26, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: June 25

The day was dead other than the opening 30 minutes and closing 30 minutes. The cream filling in yesterday's Oreo was missing. We had negative news that Texas and Florida were slowing down the opening of their states because of Covid-19 (bearish). We also had positive news yesterday with the Fed getting rid of the Volker Act preventing banks from trading derivative products (very bullish deregulation).

The two seemed to cancel each other out, making yesterday very boring despite the previous day's massacre.

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Yesterday, I stated in the Morning Coffee Report I expected the market to test 3021 in the SPX. I got “kind of lucky” with a low of 3024. That is very close for the SPX.

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TODAY: June 26

TODAY – Consolidation

LONG TERM – NEW ALL TIME HIGHS (possibly), and then a NASTY trade war sell-off

I expect today today to see consolidation, but anything is possible given the size of the news coming out every day of late.

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 -35% for the year.

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.

2020 ONE-YEAR PREDICTION:
Average year with lots of intermittent volatility
(-4.55% so far)

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A separate update coming.


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DISCUSSION BOARD

Up and Running for POT students (so far).

Really quickly...

To help in your quest for the best possible options trading outcomes, we would like to know what level of options trading knowledge and skills you currently have. Please click the button below to indicate what level of trader you are? Please skip if you already responded. Thank you for participating.

P.O.T. Schedule

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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

For education purposes ONLY. Please read the disclaimer below. We do not care if you agree or disagree with it—that is the rule. ​​​Stratagem Trading (Stratagem: “StratagemTrade.com,” “Stratagem”), and any of its possible affiliates, respective independent contractors, employees, officers, or agents are not acting as licensed financial advisers, registered broker-dealers,tax advisers, etc. (although some individuals may or may not hold a license). Furthermore, they do not provide financial advice, make recommendations, or conduct business by transacting trades. Stratagem Trading adamantly states that nothing in this communication constitutes a solicitation, promotion, endorsement, offer or recommendation to buy or sell any investment, mutual fund, debt instrument, commodity, derivative product or security as described herein.

Stratagem does NOT offer auto-trades. Case studies being provided are historical examples illustrating how a particular commodity, equity, index and/or option strategy could have been implemented. Stratagem Trading is not providing students with real time trading opportunities, nor giving advice. We strongly recommend that you consult with a licensed financial professional for all your financial matters.

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