≈ Prepare for impact. ≈
News of the coronavirus spreading remains in the news headlines as we start the market week. Dow futures were down Sunday night as news of the expansion of the coronavirus (death toll, total cases and cases confirmed in the United States all are reported higher) dominate current market headlines.
This storyline is starting to have a significant market impact and we will be covering it and providing analysis on the Trader’s Lounge, Halftime Report and will have a special Trading Justice podcast focused on the subject that will be released later today.
Chart of the Day
Futures
Futures are down significantly on Sunday night pointing to a potential significant down market day on Monday. News of expansion of the coronavirus remains in the news and we will be covering it all day today in our shows.
Video of the day
Trading Concept Check: The importance of good risk management
The importance of good risk management cannot be overstated. There are old traders and there are bold traders, but there are no old bold traders, this popular idiom cleverly informs us that those who over position size and fail to use stop losses will not be traders for long.
Today’s line up
Traders Lounge 11 PM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
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