Capital preservation!

That's our main focus right now while we navigate this turmoil.

On Sunday the Fed cut rates by 1% and a new $700 billion new round of quantitative easing.

The move was made to keep markets liquid as infections and the death toll numbers increase from the Wuhan coronavirus.

The S&P 500 futures were halted twice due to the amount of selling pressure, but have rebounded off the lows.

Right now, the S&P 500 futures are trading around the same level as Friday's lows.

The good news is that markets bottom out a week ahead of the news cycle.

Today's panic selling and a possible flush, but we need things to settle down and not pick the exact bottom.

As we’ve discussed for the last two weeks, we must be patient and avoid forcing any trades.

That means, no-trade today.

There's a lot of uncertainty, but we will get through it.

I want you to know that regardless of where the market heads next, I will be there every step of the way.