Coronavirus Correction Begins Its Second Leg – Here’s How to Trade Key ETFs
The major equity ETFs have downside risk to quarterly value levels at $273.94 for Diamonds, $308.92 for Spiders and $211.41 for QQQs. The market has entered the second wave of what we might call the coronavirus correction. The first wave occurred in late January. On Jan. 31 the SPDR Dow Jones Industrial Average ETF (DIA) traded as low as $281.61 and the SPDR S&P 500 ETF Trust (SPY) traded as low as $320.73. On Jan. 27 the Invesco QQQ Trust Series 1 ETF (QQQ) traded as low as $217.18. On Feb. 19
The major equity ETFs have downside risk to quarterly value levels at $273.94 for Diamonds, $308.92 for Spiders and $211.41 for QQQs. The market has entered the second wave of what we might call the coronavirus correction. The first wave occurred in late January. On Jan. 31 the SPDR Dow Jones Industrial Average ETF (DIA) traded as low as $281.61 and the SPDR S&P 500 ETF Trust (SPY) traded as low as $320.73. On Jan. 27 the Invesco QQQ Trust Series 1 ETF (QQQ) traded as low as $217.18. On Feb. 19
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