This week, as the coronavirus outbreak continues to cause some major disruptions to the market, I’m going to endeavor to bring you a new update every day on the latest news, how it’s affecting your finances, the best places to invest, and more.
Today, we’re going to take a look at the data on the number of new COVID-19 cases emerging every day. At this point, we’re still seeing exponential growth in the number of cases worldwide – and I’ll tell you what the market will need to see in order to stop the downward slide.
We’ll also take a look back at some of the zones and levels I’ve previously told you to keep an eye on, and how each proved to be a test for the market before moving lower. I’ve got some updated resistance levels – that could help us find a bottom to this market – to share with you today as well.
And finally, I’ll share with you some of the best places to put your money to work right now. The typical flights to safety like gold and U.S. Treasury bonds have also experienced pullbacks. That’s because, like I told you yesterday, this crash is very different from the others we’ve had in the past.
Right now, your best bet is to play the “stay at home” stocks that will get a boost from so many people remaining indoors in an effort to slow the outbreak – and I’ll give you my favorite ones in the video below.