I had an interesting chat with Tony this weekend and we somehow ended up delving into the topic of education and in particular the importance of how a person is introduced to a particular subject matter, and in particular by whom. My personal view is that it’s somewhat related to the old adage which states that “you’ll never get a second chance to make a first impression”. For example, how many of you had really boring or uninspiring math teachers and accordingly ended up hating it for the remainder of you life?

Judging by the E-Mini the SPX will most likely open at new all time highs this morning. I know many of you chronic contrarians are already salivating at the chance of backing up the truck and shorting a market that has shown but little patience for any lingering bearish ambitions. So once again it’s up to me to set you straight with my renowned teutonic touch. Plus we’re going to visit some key markets and use them as a valuable exercise in reading price action.

I hope you survived the weekend and the ravages of the growing Corona virus epidemic. Over the past few days I’ve seen increased chatter in the comment section about stocking up on food, water, and basic supplies (like hollow point bullets for the impending zombie apocalypse). Let me tell you that this is a much easier endeavor back in the U.S. where a) fridges and freezers aren’t the size of small shoe boxes, and b) population density is a lot lower than over here in Europe.