Weekly Results – week ending 2/28/20
It was an historic week. The market drop this week was arguably the fastest ever. Fears of the impact of the corona virus COVID-19 caused unrelenting selling all week (until the huge rally the last 15 minutes of Friday). Overall the day trading systems had a profit thanks to Spring ES. The swing systems were stopped out of long trades.
Unless there are more outbreaks of the virus next week, I would expect the markets to quiet down now. If there are any positive headlines, we could see a very sharp rally. And there is always potential for the selloff to continue if the virus gets closer to becoming a pandemic.
