The market opened with a thud and has largely been trading sideways since.  There was an update from the Center of Disease Control (CDC).  The biggest takeaways:

• No new confirmed cases overnight
• Health risk to US is “low at this time”

People under Investigation (PUI) in the United States*†

As of 1/27/2020

^*Cumulative since January 21, 2020.
^† Numbers closed out at 7 p.m. the night before reporting.
^§Includes specimens received and awaiting testing, as well as specimens in route to CDC.

Number of states with PUI: 26

After the CDC announcement, money came out of Utilities, and the buy on dippers dipped a toe into Technology and Communication Services.

This kind of action is very helpful for building and managing a list of potential buys on the dip.  We aren’t forcing the issue now, but anticipate stronger than expected earnings, coupled with the current weakness, will generate money making opportunities.