MARKET WRAP/PRE MARKET/ #CORONAVIRUS MAP

Futures down a few this morning after a good day yesterday. Volume was lighter.

Improvement off of last week’s low. It was last Monday where we thought A LOW was being put in because of a bunch of positive divergences combined with a HUGE DOSE of continued bearish pessimism. But the move was stunning. Then again, after such a drop, you never know.

We would love to see contracting volatility here which enables us to see things better. Relative strength is easier to isolate. Chart patterns tighten up. We suspect or hope we start to get some of that.

This morning’s coronavirus map!

https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6