Is Our Fight Against Coronavirus Worse Than the Disease? "I am deeply concerned that the social, economic and public health consequences of this near total meltdown of normal life — schools and businesses closed, gatherings banned — will be long lasting and calamitous, possibly graver than the direct toll of the virus itself. The stock market will bounce back in time, but many businesses never will. The unemployment, impoverishment and despair likely to result will be public health scourges of the first order." This is an excerpt from an article written by Dr. David L. Katz, founding director of the Yale-Griffen Prevention Research Center, published yesterday in the New York Times. This is also all I am going to say about the subject for now, other than one current observation: We are in a ferocious bear market driven by a just as ferocious disintegration in social mood (as evidenced in every grocery store and pharmacy I frequented this past week, i.e., people are scared, impatient and rude). Everything has changed and there is no light at the end of the tunnel. Nonetheless, we are making money in the stock market. There have been a slew of trading signals in the past 90 days. It would be unrealistic to expect to take every one of them, in fact, since December taking only TSLA and VXX signals would have been a robust trading strategy in and of itself. Trading options is so easy...in retrospect. Every Picture Tells A Story - VXX Weekly-Daily-Hourly Under normal trading conditions VXX is overbought and ripe for a drop in both the weekly and daily models. These are not normal times and the hourly stochastic has just popped out of oversold. Good for one more spike higher? We should know Monday. Updated Trade Tables Premium-Intermediate Term Service PRO-Short Term Service
