February 24, 2020

Market Overview:

U.S. stock market futures sank Monday as the spread of coronavirus raised worries that global economic growth could take a hit.

European stock markets tumbled sharply on Monday, with investors gripped by worry as coronavirus cases surged outside of China — in South Korea, Iran and Italy — over the weekend.

There were virtually no stocks in the green on Monday. Airline stocks were showing the biggest declines on Monday thus far.

Positions:

We only have three open positions and purposely did not want to add any new trades as we approached the end of the week last week.

This is a healthy reset for the market. The fear being driven now is yet again another opportunity for us. We have continued to take advantage of each sell-off and profited well. Folks, get ready! Another opportunity is developing. We will monitor the open very closely. We patiently wait, then we begin building our positions. Should be an outstanding trading environment for the next few months now with the current cycle in play!