These types of events, history shows they usually turn out to be buying opportunities. But this coronavirus is not a normal situation. While markets are up today, we suggest traders sit back, watch the markets, and hold off on any big trades. If there are positions you have wanted to get into, there are many stocks, and good stocks, that moved into bear territory last week. Here I recommend traders just nibble on a few positions, but buy in small allotments, or sell puts lower in stocks you want to own to take advantage of the spike in volatility. I have my eye on tech and consumer discretionary stocks. Stocks with cash and lower debt will be in the best position navigating this market.