On Monday, we saw a historical day in the markets due to the fact that oil futures were down a whopping 30%. This is the biggest plunge that we’ve seen in the U.S. since the Gulf War in 1991.
This was due to the price war that is happening between Saudi Arabia and Russia, and the even more bad news regarding the spread of the coronavirus.
The S&P 500 tripped a circuit breaker for the first time since 1997, which resulted in a 15-minute trading halt, and the Dow dropped a whopping 2,014 points.
It was enough to leave your head spinning… to say the least.
But this group of readers doesn’t have to worry. Since the start of 2020, they’re up 17.87% on average – while the S&P has fallen over 15%. Learn how you can join them right here.
Today, I want to take some time and really dissect what’s going on in the markets right now.
This is setting up to be a great educational opportunity when it comes to options trading and how to protect your portfolio.
Find out what I have to say here…
You just watched my take on what’s happening in the global markets during one of the worst weeks in trading since the 2008 financial crisis.
Monday was a wild day, but this is exactly the reason why we use low-risk strategies and take the time to learn how to protect our portfolios.
Days like yesterday show why it’s important for your trades to have as little exposure as possible.
Although this is not an ideal market, let’s appreciate times like these where we can educate ourselves and become better traders.
Talk soon,
Tom Gentile
America’s #1 Pattern Trader
