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Prepared by and Scott
Writing under the nom de plume of J.L. LORD

Thursday | April 30, 2020

Hello Eizell.




The market was stunningly strong as it got two big green lights.

First – Boeing (BA) reported earnings which essentially showed that they were losing money, but the mental shift went from bankruptcy to what rate will they get financing at?

Second – (and more importantly) Gilead's drug Remdesivir double-blind study results came out. They showed that the Chinese numbers leaked “accidentally” on the WHO website were false. HA HA, this is a shock. The drug is not a miracle drug; however, it does shorten the length of the virus, and it cuts down on the death rate.

The market took this as a sign that people can start thinking about the virus as something manageable, not a death sentence. This sent shares of GILD (Gilead) higher by 5.8%, and the SPX higher by 2.66%.

Big movers we look at in POT:


At the end of the day, the Dow closed up 532 points with the SPX closing higher by 76.12 points. This was an important emotional relief for the markets. The market took it as not only are the infection curves tipping over to the down-slope, but the reopening of the economy can be done with a little less fear.

Can you believe the SPX is only down 9% for the year?


TODAY: April 30

A lot of earnings are released today, especially the names we play in POT class. AAL comes out before the open.

We have had 4 days in a row of the market closing higher – much higher in many instances. A pull back may be due; however, it may not take place until we get close to SPX 3000. We will see.


I am still standing by my prediction (made December 31, 2019) that we will be positive for the year and making new all-time highs by the end of the year. I maintained this stance even when the SPX was down -35% for the year.

S&P 500 Price Limits

From 8:30 a.m. to 2:25 p.m. CST, there are successive price limits corresponding to 7%, 13%, and 20% declines below the previous trading day’s reference price.

From 2:25 p.m. until the 3:00 p.m. CST close of the cash equity market, only the 20% price limit will be applicable.


Average year with lots of inter42mittent volatility
(-9.02% so far)

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Separate update is coming.



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