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

Friday | December 6, 2019

Hello Mayumi.

Annual Thanksgiving Sale

YESTERDAY'S CLOSING PRICES

image
image
image
image

YESTERDAY: December 5

Absent two pieces of news the day would have been slow and boring, even with Nancy Pelosi's news conference after the House decided to write articles of impeachment. I was actually concerned for her, but the stock market didn't budge.

Sure, Joe Biden was speaking to a room of 30 (not 30,000) and challenging people to IQ and push up contests before calling them “fat”. That is not a big deal, and we expect that from Uncle Joe. As long as he isn't having little kids play with the hair on his legs, the news doesn't pay any attention to him.

While the political circus continued throughout the day, the stock market ignored the main tent. They have seen the dancing elephants and donkeys too many times. The two moves were both lower, before snapping right back.

First Move

The first move lower came 30 minutes after the open when Factory Orders contracted for the 3rd straight month, though coming out in line with expectations. This set the lows for the day at SPX 3,103.76 before bouncing right back.

Second Move

An hour before the close, the E-minis took a $7 point fast drop, before working its way back to the starting point. This second drop was the result of the Wall Street Journal stating “US officials are less optimistic about a deal (with China)”. I don't know who was interviewed, or if it was even just made up news. I think everyone is less optimistic about a deal being done. I don't know why people are surprised, as China is the worst country to negotiate with. Even if we have a deal, they will be violating the terms in 5 minutes.

INTERESTING

  • AAPL was the big mover yesterday. After briefly falling -$8 on Tuesday. The stock has been running higher Wednesday and Thursday. Yesterday, the stock was up $3.84 (1.4%) to close at 265.5. This is less than $3 from the all-time highs.
  • Crude Oil and Bonds/TLT have been volatile this week; however, they were quiet yesterday.
  • The Dow closed up 28.01 and SPX closed up 4.67.
image

TODAY: December 6

We are back into tight ranges with the SPX using the 3100 line. We are getting significant news coming out many times a day; however, the market is ignoring it—so far. That will change sooner rather than later. We also have the December 15 deadline before tariffs on China increase AGAIN.

2019 ONE-YEAR PREDICTION: MUCH HIGHER (+26% 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



A separate update coming.

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