Monthly Archives: October 2014
Dean’s List October 23, 2014
Posted by OMS at Oct
Ticker: Name: Rank: Price: VXX S&P 500 VIX Short Term 6 35.52 DUG PROSHARE TRUST ULTRASHORT OI 4 49.68 EEV PROSHARES ULTRSHRT MSCI EMRN 4 19.30 TMF Direxion Daily 20+ Yr Trsy Bull 3X 3 74.73 DXD ULTRASHORT DOW30 PROSHARES 2 25.97 EWV ProShares UltraShort MSCI Japan 2 68.92 FXP PROSHARES ULTRASHORT FTSE/XI 2 53.59 […]
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Professor’s Comments October 23, 2014
Posted by OMS at Oct
The Dow fell 153 points, closing at 16,461. Volume was on the low side again, coming in at 84 percent of its 10-day average. There were 99 new highs and 26 new lows. As I mentioned in yesterday’s comments, the market was EXTREMELY overbought and was set-up for a decline. All it took was a […]
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Members Watch List October 22, 2014
Posted by OMS at Oct
Ticker: Name: Rank: Price: WTW WEIGHT WATCHERS INTL INC NEW 5 26.42 ADS ALLIANCE DATA SYS CORP 4 268.14 ACHC Acadia Healthcare 3 52.34 DUG PROSHARE TRUST ULTRASHORT OI 3 47.96 LEN Lennar Corp 3 42.96 MLNX Mellanox Technologies 3 45.77 PHM Pulte Homes Inc 3 19.14 PNRA PANERA BREAD CO 3 169.06 RGR Sturm […]
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Dean’s List October 22, 2014
Posted by OMS at Oct
Ticker: Name: Rank: Price: TMF Direxion Daily 20+ Yr Trsy Bull 3X 4 74.65 DUG PROSHARE TRUST ULTRASHORT OI 3 47.96 EEV PROSHARES ULTRSHRT MSCI EMRN 3 19.05 EWV ProShares UltraShort MSCI Japan 3 69.03 FXP PROSHARES ULTRASHORT FTSE/XI 3 53.16 CORN Teucrium Corn 2 25.15 HCN HEALTH CARE REIT INC 2 68.19 ITB iShares […]
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Professor’s Comments October 22, 2014
Posted by OMS at Oct
The Dow rose 215 points, closing at 16,615. Volume was on the light side again, coming in at 87 percent of its 10-day average. There were 80 new highs and 22 new lows. By moving above the 16,500 lever, the current rally can no longer be viewed as a corrective wave 4 in a 5 […]
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Professor’s Comments October 21, 2014 Update
Posted by OMS at Oct
By moving above the 16,500 level, it’s pretty clear that the current rally is NOT a wave 4 correction. It’s likely a wave 2. This means that the Dow will likely rally to the 16,700 level before wave 2 completes and wave 3 down begins. I’ll have more on this change in wave count in […]
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Members Watch List October 21, 2014
Posted by OMS at Oct
Ticker: Name: Rank: Price: VXX S&P 500 VIX Short Term 6 35.60 DUG PROSHARE TRUST ULTRASHORT OI 5 51.01 LEN Lennar Corp 4 42.95 WTW WEIGHT WATCHERS INTL INC NEW 4 25.75 ADS ALLIANCE DATA SYS CORP 3 261.05 CSX CSX Corp 3 33.51 PNRA PANERA BREAD CO 3 171.49 VRTX Vertex Pharm Inc 3 […]
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Dean’s List October 21, 2014
Posted by OMS at Oct
Ticker: Name: Rank: Price: VXX S&P 500 VIX Short Term 6 35.60 DUG PROSHARE TRUST ULTRASHORT OI 5 51.01 TMF Direxion Daily 20+ Yr Trsy Bull 3X 5 76.40 DXD ULTRASHORT DOW30 PROSHARES 2 26.24 EEV PROSHARES ULTRSHRT MSCI EMRN 2 19.21 HCN HEALTH CARE REIT INC 2 68.05 QID ULTRASHORT QQQ PROSHARES 2 48.20 […]
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Professor’s Comments October 21, 2014 Update
Posted by OMS at Oct
With the Dow currently up about 90 points, it appears that the wave 4 retracement is nearing completion. The pattern for the current wave 4 appears to be either a rising triangle or a zig-zag. Both are normal retracement patterns that occur after an impulsive wave 3 down. From current levels, I believe the upside […]
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Professor’s Comments October 21, 2014
Posted by OMS at Oct
The Dow fell about 90 points early and then recovered to finish 19 points higher at 16,400. The Dow would have been significantly higher if not for the shares of IBM which shed almost 13 points. The NASDAQ and QQQ both had a nice rally day rising 58 and 17 points respectively. Volume on the […]
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