Actual cases of Coronavirus, including those who have it but have not been tested are different numbers. As we know, the daily number of dead lags actual cases. Although it is hard to determine how many people actually have COV-19, it is somewhat easier to tell compliance with travel restrictions and other CDC recommendations. As an active trucker, picking up and delivering at businesses, going into travel centers, observing traffic on our interstates, and talking to people I meet all over this country, people have been been almost universally taking this disease seriously for about 2 weeks. Interstate highways outside of cities are almost completely clear of cars at night, restaurants are either closed or seating is prohibited, and condiments, drink refills, non packaged self serve items have been removed. Sure, CDC recommodations of social distancing of 6 feet are questionable with a respiratory virus given that people, as in a line at a checkout simply move from one position into another position previously occupied a moment before by someone who could be affected. If the virus can stay airborne for thirty minutes like some scientist suggest as opposed to WHO's opinions, that is a obvious problem, especially since almost no one is wearing a mask. Certaintly none wearing a mask properly, whether it is a dust mask or hockey knee pad(!). Classes and other large gatherings of people have been restricted and judging by all the emails I receive, online transactions such as banking, online courses, and shopping are being encouraged or required. Docusign (Docu) will likely be a major beneficiary of changes in how documentation is done in the transportation industry, with the current practice of signing of a paper bill of lading often being the only weak link in our otherwise hardened, for the most part, food distribution supply chain, not including what may happen at the grocery store, of course. The many ETFs we have can provide a strong feedback loop, either positive or negative, as can be set off by a significant change of money flows. If net money flows are allowed to continue to unaddressed, the whole market unravels big time and destroying many if not most market related financial companies. My conclusion is again, is the lows are in place and will meet strong support financially as well as through immediate Government stimulative policies. Market sell offs created by dismal economic reports are buying opportunities, in my opinion. For day trading of course, whether the market has bottomed or not is not immediately important. Mr. V, you have often talked about how comfortable one feels when contemplating or making a trading decision. How easy does it feel for you to go long versus going short right now? How do you think other people feel in aggregate right now? How much of this sentiment has been reflected in prices levels already? Long winded of me, but at least We're not in a crowded choir with people singing their lungs out! Time to do some trading! Good trading to you, Sir.
Cash has just traded all the way HWB (61.8) of yesterday's high to low. Much higher and yesterday's high is the target. In other words, this is the place to short with a relatively tight stop.