Daily Results for 1/30/20
Spring ES and Lion II Vol had a short trade today. MeanSwing3 ES exited a long trade.
The short (bearish) day trades were hurt and the long (bullish) swing trades were helped by the the World Health Organization (WHO) today. The WHO declared the coronavirus outbreak a public health emergency of international concern. Interestingly, the markets took this as a very bullish development and the market shot up. This seems odd, but the reason is that in many past cases where the WHO declared a virus an international emergency, it market a turning point in the spread of the virus and the economic impact. We shall see if this was the correct reaction for the market to make.
