Coronavirus has infected the market as both politics and Tesla have taken a back seat, a third row back seat, to the developing health crisis. At least until about mid-summer, today's conditions are the best they will be, i.e., it goes down from here. The Elliott Wave analysis set out in yesterday's Update seem to be unfolding with the DJIA down 1,000 points as I send this out. The Intermediate Term Portfolio is already heavily short. Nonetheless, these stocks/indexes will generate Intermediate Term Sell Signals at the designated thresholds at the close. Consider them new trades for any account that needs/wants more exposure (so to speak) on the downside. Options: Apr 17th just-out-of-the-money Puts provide the best risk:reward for new option positions. AAPL below $285.50: Apr 17th $280P QQQ below $209.50: Apr 17th $205P BIDU below $117.50: Apr 17th $205P WYNN below $100 (currently $97.28) Apr 17th $95P
