E Market Briefing For Tuesday, April 28

 

(Again, working-towards a dip; perhaps after month-end, not yet.)  

Anticipating better days (for the patients and the market), we ventured very dramatically to the long-side just over a month ago (yes the lows), and we do know that every sector of S&P has firmed (again on Monday), and it (backed by the Fed) continues grinding higher (nearly exhausted or not), within the target range we've had now for well over a month. That's a 'band' or zone I've referred to as between the 50-DMA and 200-DMA, and we're in it.  

So it means shorting isn't very logical here, letting it stretch as it can should set-up a subsequent retrenching, but ideally not all the way to March lows, where the gloom & doom crowd were trying to panic investors into selling, which promulgated my declaring what I smiled and called what I thought in the near future would prove to be 'The Inger Bottom', as indeed it did.  

There are many tiny and speculative stocks trying to both capitalize and of course help with the fight against the coronavirus itself and saving lives if it strikes someone in a serious way. I've highlighted a couple; and prefer to not try singling-out which (if any) actually deliver a useful drug or device.    

So I'll add one or two to issues to monitor, staring with Pluristem (PSTI) but I hesitate to suggest chasing any of these. This one has secured large 50 million Euro funding; in a partnership with a Berlin University; and in just a handful of patients tested in Israel and one in New York, claims full faster recovery for severe cases on ventilators. As to U.S. speculative issues, like Athersys (ATHX), or Australia's Mesoblast (MESO), the latter was tested this month with Mt. Sinai Hospital in New York. And as faras the 'internal UV light', product exists yet. The tiny stock is Aytu Bioscience, and again while their team at Cedars has a Patent, the device doesn't exist as far as I know, but proves the point President Trump was onto something that does have at least potential. 

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