Monthly Results – February 2020
February is going to develop a reputation as a volatile month if it keeps this up. With the spread of the coronavirus COVID-19, fears exploded worldwide causing a spike up in volatility and a massive drop in stocks. For Trendfinder’s trading systems, it was a very active trading month (primarily the first and last weeks) with the day trading systems having a profit overall and the swing systems having a loss overall.
The Fed and Trump did their best to support the market. Even if the Fed reduces rates over the weekend, how would that reduce the effects of the coronavirus on the economy? I don’t think it would, but maybe it would impact sentiment enough to make a difference for stock prices. This is a very interesting market and I am watching everything closely to learn as much as I can.
