Coronavirus Is NOT The Reason For Today's Sell-off

Solid reasoning.

Absolutely not, as the article says. Just normal profit taking.

"Normal profit-taking"? Are you crazy?????
The article is flawed because the point is all governments will take extreme measures to stop the spreading, which will help a little, but are toxic for the economy, worldwide. Just one DAX company already lost 60 million on supply chain disruption, and that was before the weekend. Sure the virus kills only a few elderly...but the economical damage is real...
"Profit-taking", that´s what smart money will do at every bottom that will come in the next months. You can be rest assured most algos already triggered short.Medium-term.
Don´t believe Corona, or better stated, the measures taken to avoid the spread... is damaging the economy, worldwide, big time? Go ahead and buy the indexes..

Yes off course but The impact of coronavirus Made ekonomi China, japan, Korea, Singapura down more than 1% till the Middle of this year 2020

Pump & Dump right???

All for what you printed Luke, however, I posed the question last week, who's getting out while your getting in, will pose the reverse now, who's getting in while your getting out, the volume seen at the bottom of of the last few candles on the 2hr chart show some activity not seen for a while, while I could be totally off the mark and wrong dare I say were going to find out, excellent article, sums up what were both thinking, the game isn't straight

The media and the news will always say the market is moving because of this or that particular event happening short term, when most of the times is only merely coincidence or only premeditated news fully aligned to accelerate/delay the market the way is supposed to go anyway. It only creates a lot of expectation and speculation, so that people think they know something and bet on that assumption truly believing they have a trading system. This is the perfect cover up for what the market makers are really doing: Manipulating impulsive and greedy minds.

Whereas we trade peanuts, market makers trade for billions/trillions.

If Japan is hit by Corona Virus, will then JPY remain as Safe Heaven currency in the market sell off?

fair argument, but you can't doubt it was a good reason to kick off the selling due to uncertainty

we need more sell .....its good and healthy for market and for coronavirus xd

What a weird analysis, and it seems he is trying to find an analogue between Dow increase /decrease and % age - reported Corona or death poll....?? The markets was very overbought, ok, and we all know that. It only needed a new cathalysator, Brexit was done, Donald was freed from impeachment, and also slapped on the fingers due to his hyper twittring, so that is eased too. So what new should the Market Makers use now. Always something, now greed and fear is ping ponged on Corona virus for a while, while Donald is visiting Modi and Taj Mahal, in between Taliban land and Corona land. And he is in his late 70-ties too, so he is definately in the risk group. I suggest it is a new theme….to move the VIX and the volatility.

I also pointed out the overbought Stock Exchanges and even announced my short positions back around early Jan. A bit early it seamed, but no...it is not, well in profit now. And we will see more downmoves as it will affect business trade and economies.

This is fear and uncertainty, and herd mentality, moving to safe heavens, gold, bonds, etc, while others panicing. Natural and occuring all the time.....Chicken virus, SARS, Schwein flu (still ongoing in Asia /Africa), Corona....nothing new - only new wrapping.

Back to my trading now, but first a chill Corona from the fridge…..or should I ??....I may get infected…?!
All have a good trading day !

maybe not, but it is the butterfly.

Below trend growth for a sustained period of time (years), is called what?

interested to know your thoughts on who is in and who came out?

If 3213.36 is broken on the SP500 then expect the SP500 to hurtle towards 2967.20 to 3022 then a nice bounce up at least 2000 pips back up, then the fun will start.

Haven't got all their names Giggsy but a general guess is the blood on the streets crowd, aren't they the ones who appear on days like yesterday.

I had exactly those thoughts when N Korea was firing missiles in the general direction of Japan into nearby seas - but it did continue to act as a safe haven currency. Normal logic sometimes just doesn't seem to apply in the world of fear & greed.

Pumped up markets always overreact to fear - but in this case the general fear is causing supply disruption, and that will hurt companies that rely on overseas supply, not to mention companies that rely on travel for their profits. It didn't however stop significant bounces at support locations on the Dax - since breached by this afternoons latest thrust down

I'm sick to my stomach from you dip-buyers.

Wouldn't call this a dip Tony, a rip, maybe, and no mention of it on here, have you the right article

Not a sell-off, oh come on!! And profit taking, Oh come on!! Why suddenly now?? And another 500 down Tuesday, also some profit taking? No, no, this is a sell-off!!

ridiculous, its non containment !
other hot spots that brought the market down ,
but this virus story if expanded was always going to hurt the market
damage is done already in china

It did go in that direction but 100 pips lower. Do you have an update?

I sold Friday night 28th Feb on the close, we should be heading down to take out the daily swings now.

https://www.screencast.com/t/etttvDoTLA

Here are the screen shots before the market got to the level.

Yes, Thanks. Looks like it will Gap down Sunday eve