'The stock market bulls’ declaration of victory on anecdotal data about Gilead’s remdesivir treatment is premature,' says TheAroraReport. But 'the stock market’s reaction shows that a 5,000 Dow point rally is highly probable if a true cure is found.'
The rally in the U.S. stock market, which in large part had been due to a short-squeeze, recently exhausted itself.But stock market bears ran out of luck when a report surfaced Thursday after the close of trading that an antiviral drug, Gilead’s remdesivir, showed promise in treating coronavirus patients.
This shows the power and benefits for the stock market investor of doing scenario analysis in advance. • The second and third charts are 15-minute charts to help investors focus on what will happen in the stock market if a true cure is found. • A little while later, when a TV network reported the news, Gilead’s stock took off, as shown on the chart. It is no secret that this stock market is controlled by the momo crowd, and the momo crowd is not known for deep analysis. The Arora Report’s signal to buy Gilead stock to take advantage of the momo crowd was made for super-aggressive investors only.
• The VUD indicator shows strong net demand not only for Gilead stock, but for money being poured into the stock market. The second and third charts linked above show that currently too much euphoria is prevailing in the stock market. This is a danger signal for prudent investors.
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