Risky assets choke yesterday in the later afternoon and a volatile mood is being observed today in the morning as well as there are signs that coronavirus spreads beyond China. Indeed Japan and South Korea, where we saw death cases, introduced more limitations that could affect business activity. Meanwhile, China informed about a 92% decline in car sales in the first half of February. US500 is declining for the second day as it tests an upper limit of a previous channel – now as a support. Traders should notice a negative divergence with the oscillator.

Daily Summary: From Panic to Euphoria. The Market Recoups Losses.
US OPEN: Falling Oil Prices and Dip-Buying Fuel Rebound as Nvidia falls
Market Wrap: Strong Banking Sector, Sharp Drop in Oil
Morning Wrap: Taiwan and Asia Are Halting the Chip Crash Despite the Nvidia Espionage Scandal 💡