Stocks have recovered slightly today as day traders pick up some bargains and larger traders liquidate short positions. The Germans were up to their usual tricks, well knowing the data outcome before the release.
Again today, all our currency Dom trades in both the long and short direction were excellent. The only exception was the notorious long Dom German Dax on large deviation negative data.
The Coronavirus is still dominating the news and the world continues to shut down. Utter madness.
We had high volatility in all instruments again with an impressive maximum potential of 1,610 points from specific Max Day Trading time/price level entries from the London morning session alone, with a target of just 30.
A 10% target of this figure would have yielded a minimum of 161 net points from specific Max Day Trading time/price level entries, with many additional opportunities in the US morning (UK afternoon) and US afternoon (UK evening) sessions.
Something very interesting was brought to light today. The Coronavirus was manufactured in China, yet their stock market has by far suffered the least. Here are some weekly chart comparisons:
