image
Stratagem
Facebook Twitter YouTube

Having trouble viewing this email? Click here

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

Monday | July 27, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

image
image
image
image

YESTERDAY: July 24

Thursday night, the market closed just above the 3233, the HUGE support/resistance number it took weeks to get through. This seemed like a great opportunity for the SPX to bounce, further validating the strong bull market.

Friday, however, we sank. The bounce did not come. Dragging the market lower were economic numbers, China closing a US embassy in retaliation, and TESLA and AAPL falling again. Since 3233 didn't seem like the support it should be, the market went searching for the next layer of support – 3200 in the SPX. After touching 3200.05 at AAPL's lows ($356.58), AAPL bounced from a $15 drop helping pull the market higher.

AAPL closed down only 0.92 (370.46) while the SPX closed at 3215.63. This means that 3200 is safe for now, and the market has a good chance of bouncing.

image

TODAY: July 27

TODAY – Higher.

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

Friday, we saw SPX 3200.05. This is a little disappointing considering on Thursday, we saw a high of 3279.99. The selling of 79 SPX points from Thursday's highs did scare many people, but this is very healthy for the markets.

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
(-0.49% so far)

POT Logo




A separate update will be sent.

image

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

image

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.

image

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.

COPYRIGHT (c) Material 2019 | Stratagem Trading | StratagemTRADE.com

here.

If you wish to no longer receive our newsletter, you can unsubscribe here.

Stratagem Trading 1000 W. 15th Street #243 Chicago, Illinois 60608 United States