S&P Futures Opens Down 20 Points!

News????

Really..you need news? It's the virus. 5 cases now in the US. Everytime news comes out of another case the markets take a dive...

 

Well...

The 6th of January opened gap down -19,75 points, but closed the day 51,75 points higher.

 

He'll be there with his tweets, markets will reverse course and everything will be peaches and cream. Have zero worries. The cure will be here in weeks and everything will be rainbows and pretty butterflies..no need to worry

 

Coronavirus death toll rises to 56, five US cases confirmed. Fifth US case of coronavirus confirmed as China warns people can spread the virus before they feel ill.
https://www.cnn.com/2020/01/26/us/coronavirus-orange-county/index.html



Coronavirus ‘whistleblower’ nurse says China has 90,000 sick
https://nypost.com/2020/01/26/coronavirus-whistleblower-nurse-says-china-has-90000-sick/

 

If the trendline (the lower line) is taken out, we might not get a another shot above 3300.

 

For perspective, in the U.S. last year 80 thousand people died of the flu, with 7 million infections.

 

But the flu is countered with a vaccine. This thing is not.

 

I went Short over $11,000 by buying TVIX SQQQ etc. last week, yippee kayo unless there's a dreaded tweet lol; I held into the weekend, because this ridiculous overbought rally is overdue for a bear hug; either I'm up or down a lot tomorrow... i love trading

In trading inverses for over a decade, i learned the hard way to 'buy the dip, sell the rip', so i'm gonna use trailing stops ... thoughts?

 

I would hedge it now because likely rally to flat by the open tomorrow IMO

 

When China sneezes, the world catches a cold