Market players have been forced to reconcile extreme market strength with the very negative news flow.
Take a market approach that suits your style and timeframe in this very confounding market.
Every aspect of this illness is dynamic and even the Centers for Disease Control may not be updating correctly.
Investors in Asia appear to be clinging to the hopes of stimulus flooding China's markets. But with one-third of WARS cases outside the epicenter, the new coronavirus threatens to get out of control.
This is a hard market to trust, but be prepared for a market that may not fall apart as easily as many had envisioned.
This rally could continue, but I remain a seller into the session.
Market players are still struggling to price in the economic impact of the coronavirus.
Buying right here might be ill-advised -- not because of the risk of a gigantic decline, but to wait for more information on how this coronavirus is spreading.
Clearly there will be some global demand issues, supply chain risks and sales slowdowns.
Don't react with panic or glee to the headlines. This is a wild card event and you have to approach any moves with care.