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

Tuesday | December 17, 2019

Hello Mayumi.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: December 16

The market jumped higher and then sat for the rest of the day—once again. There has been a reoccurring theme of late where all the movement of a trading day is happening in the first 30 minutes.

Yesterday, the SPX jumped on news that Phase Two of the China Trade Deal was starting, and the participants were not waiting until Phase One was signed in January.

The first print in the SPX was 14.83 higher, but that was for just a moment as stocks in the S&P 500 were still opening. The E-minis finally were up +$25 points and settling in to their tight channel for the rest of the day. The SPX got as high as 3,197.71 (2.29 points away from 3,200).

BIG MOVERS

AAPL – Once again, AAPL was up almost $5 points on the day, setting yet another new all-time high of 280.79.

TSLA – Tesla was up 23.11 to close at 381.50. This 6.45% run higher is getting us closer to the $420 price Elon got into trouble for talking about.

TLT – Bonds are still making big swings every day, yesterday falling 1.25 to close at 137.79.

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TODAY: December 17

Yesterday I wrote that the SPX will likely be at 3,200 by Christmas. I had no idea it would be at 3,200 in 12 hours. Perhaps I am underestimating how much the Fed is injecting into the markets.

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It is amazing. Last Christmas, Chairman Powell was scaring the markets into oblivion that the Fed was taking away its allowance, and now Wall Street has a blank check. As stimulative as this is, it should be a long term fear. Why does the Fed feel the need to keep putting this much money into the markets when they said rates are too low? What do they see other than the asset bubbles?

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.

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Get your suggestions in soon. We are working hard to get 2020 to have the best POT program ever, and we KNOW it will be a crazy year. We have elections, trials, a bubble going in some markets. I am expecting this to be a very volatile year – multiples crazier than this year.

Volatility = opportunity.

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LAUGH OF THE DAY

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You provide the coffee and we will take care of the rest.

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