Today will be interesting for the markets. As I noted, the market has trained most to buy the dips and big sell-offs are followed by new highs. The gap up.

As I have been saying COVID risk will re-enter the market when (if) it expands outside of China and we now have 4 potential non-China epidemics in the works with.

I am back and the sector has barely changed. I do feel, however, that we are closer to a move lower than before. The market seems to be revising both.

The curious case of the flat market continues. At this point, I would call it a clear trend (with the trend being sideways). I know I have been waiting for.

What an odd market. Fundamentally it should be struggling. It was overbought and PE stretched and we are now starting to see earnings warnings from the corona virus and yet.

You remember how I believed that the sector was at a decision point and was unlikely to hang out close to the recent highs without breaking out or breaking down?.