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

Thursday | December 19, 2019

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: December 18

The day started in a quiet and somber manner, with traders and the media trying to ignore the impeachment vote that was scheduled to come out at 7pm.

I am not being partisan when I say that the stock market was keenly aware that the impeachment was going to occur, but it was a partisan sham. I listen to the arguments without watching the TV screen to see the little “R” or “D” under the congressman's name. It is amazing this country is as rich and powerful as it is with these people running it.

The SPX was stuck in a range between unchanged (3193) and the 3,200 ceiling. The action was eerily quiet considering the historical magnitude of what was almost certain to occur. It was not until the last minute of trading that a large sell program came in, sending the SPX down -1.38 (-0.01%) on the day.

Standing Out:

BA closed up 3.68 at 330.68

TSLA closed higher by $14.16 at 393.15, still closing in on the magic $420 number Elon got into trouble for.

IMPEACHMENT:

The vote to impeach came in about an hour later than expected, which is early for Congress. The E-minis fell exactly $1 points on the news. In short, the Minis didn't care at all.

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TODAY: December 19

The “known – unknown” impeachment event is behind us. This is usually a bullish event where volatility collapses. We have a couple headwinds, though. Skew is crazy low – I mean very crazy low. We also have the SPX hitting its head on 3,200 for a third day, and unable to get above it.

In short...I am confused.

2019 ONE-YEAR PREDICTION: MUCH HIGHER (+28% 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.

POT Logo


Separate update is coming.

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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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