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

Friday | April 24, 2020

Hello Eizell.

YESTERDAY'S CLOSING PRICES

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YESTERDAY: April 23

It was a perfect day for the bulls. Oil was running higher, and the SPX opened up and hit a high of 2,844 (45.59). This looked like it was going to be the first day we finally got above 2800 and would stay there. It was not to be.

GILEAD (GLD)

The stock was trading higher like it does most days. Going into the day, their drug “remdesivir” showed a lot of promise in treating the Coronavirus.

11:45am

At 11:45 am, the test results conducted in China (of all places) was “accidentally” released by the WHO organization. According to the China study, remdesivir showed no improvement in recovery on patients. I find this interesting considering China would be hard pressed to find someone with the virus according to their propaganda machine.

I also find it interesting/suspect that the highly political WHO who recently had their allowance taken away by President Trump would accidentally post China's results on their website. It was up ONLY long enough for the media to catch it, and then taken down.

In short. . . . I don't know if the drug works or not, but I don't believe anything the WHO or China says. The WHO called Trump racist for closing down travel from China. There are a lot of things indicating that the head of the WHO is a China-paid puppet.

ALL OF THIS IS SUSPECT, POLITICAL, REVENGE, ETC, but it did cause the stock to fall from $84 to $74.40. This simultaneously took the stock market and SPX down fast and hard. The SPX dropped 50 points in minutes as can be seen in the chart above.

AAPL was up over $6 and closed down 1.07. SPX was up $45 and closed down -$1.

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TODAY: April 24

Now is the hardest part of this virus trading – maybe. We have got past the first half of the virus move and are entering the second half.

SHORT – MEDIUM – LONG TERM

LOWER TODAY. Nervous for a week (or two) during earnings. Then higher.

FIRST HALF

The first half, you were either short the market and believed the media, or you didn't. I never believe the media as their agenda is a mess. They have zero ethos. Many reporters sell their integrity for a large paycheck, and fall to the beckoning of their politically motivated owner. I say this not in anger, rather disappointment. Growing up, a reporter was fired for making small errors or injecting personal beliefs. Now all you get is opinion disguised as news.

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The NATIONAL ENQUIRER, the people who brought you BIG FOOT, has been shown to be statistically more accurate than most of the main stream media. Think about how F'd up that is! I will not get biased and name names, but most have the letter “C” somewhere in most of their names. Must be their GPA from Phoenix School of Journalism and Refrigerator Repair. You do the math.

Above you see that the Enquirer was at least right 1/3 times!

SECOND HALF

We are now in the second half of the virus market – the aftermath. We are half way between the highs and the lows. We are assessing the damage, and waiting for the dust to settle.

We see light at the end of the tunnel, or at least hope so. The media is telling us the light is really a Metallica Song (No Leaf Clover) lyric, where a second wave and no cure is on the way.

Then it comes to be that the soothing light at the end of your tunnel
Was just a freight train comin' your way”

Author: Media or METALLICA?

We are half-way back from the lows. The market is down about 14% and waiting to see if this is over with, or going to get worse from a crumbling economy. I am saying it is the former.

I am still standing by my prediction (made Dec 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 inter42mittent volatility
(-13.40% so far)

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