TWELVE o'clock TUESDAY – Stock Market Report
by Robert Holman | The DefensiveAdvisor.com | May 19, 2020
Bullish … rating of 7 (0 - 4 is bearish, 5 is neutral, 6 - 10 is bullish).
The market rallied strongly on Monday based on a) state-by-state reopening, b) the Fed not being out of tools to deal with future financial issues, and c) HOPES (emphasis added) that Moderna Corp. has a vaccine that will protect us from the Wuhan Coronavirus. However, not all results from the 45 person test were reported, although what was reported look great. Other companies may have a better solution.
Looking at its price chart, it’s the fourth time that Moderna has gapped-up on its opening trade. It’s my understanding that if approved, it would be the first RNA-developed product approved for human use.
Last week’s Twelve o'clock Tuesday report discussed our newest investment. That investment broke through resistance convincingly on Monday morning, as projected, so everything looks good so far, and it is up more than 5 points today.
The importance of that is this: my clients who have not saved enough for retirement are catching up to where they need to be. To come from behind, to catchup to your target retirement goals, requires this type of outperformance. Please talk with me today; please don't suffer in silence.
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Opinions voiced in this post are for general information only and are not intended to provide specific advice or recommendations for any individual, without complete knowledge of that individual’s total financial profile. No strategy assures success or protects against loss. Past performance does not guarantee future results
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