27750 and 27500 areas look like reasonable targets near term but China will open first and supportive government intervention is expected for their markets.
We shall see.....
Case #8 in the USA reported, this time in Massachusetts
The big problem with this virus is the lack of symptoms for up to two weeks while still being contagious. As a result, I believe it will difficult to contain this from becoming a worldwide epidemic. I've lightened up on equities for the last couple of weeks. Opportunities to buy cheaper seem likely.
Any significant reduction in the DOW will come from an economic slowdown that only in a minor way may be causative by the Coronavirus - it is being over-played by the Media as they have a custom of doing these days - more importantly, there have been a recent spate of
weaker economic numbers that suggest a slowdown is possible - one of the more serious has been the unprecedented 14 day stretch of lower copper prices.