Monthly Archives: May 2016
Professor’s Comments May 18, 2016
Posted by OMS at May
The Dow fell 181 points, closing at 17,750. Volume was moderate, coming in at 98 percent of its 10-day average. There were 105 new highs and 30 new lows. Yesterday’s decline reached my short-term target for the Head & Shoulders sub-pattern within the overall Rounding Top pattern on the Dow. Prices actually broke through the […]
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Members Watch List May 17, 2016
Posted by OMS at May
Ticker: Name: Rank: Price: ATW Atwood Oceanics 15 11.88 GEOS Geospace Technologies Corp 12 17.48 KKD Krispy Kreme Doughnuts 11 21.03 CLR Continental Resources 6 40.95 DVN Devon Energy Corp 6 33.79 TGP Teekay LNG Partners LP 6 14.67 CDE COEUR D ALENE MINES CORP IDA 5 8.25 CROX CROCS INC 5 9.31 PAAS PAN […]
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Dean’s List May 17, 2016
Posted by OMS at May
Ticker: Name: Rank: Price: XIV Inverse VIX Short Term ETN 6 28.93 PAAS PAN AMERN SILVER CORP 5 15.79 USO UNITED STATES OIL FUND LP 5 11.76 DIG PROSHARE ULTRA OIL & Gas 4 34.92 MRO USX Marathon Group 4 12.78 ABX BARRICK GOLD CORP 3 18.91 DBC DB COMMODITY INDEX TRACKING 3 14.64 GDXJ […]
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Professor’s Comments May 17, 2016
Posted by OMS at May
The Dow rose 175 points, closing at 17,711. Volume was moderate, coming in at 90 percent of its 10-day average. There were 198 new highs and 38 new lows. The explanation for yesterday’s rally is pretty simple. Anytime you have oversold conditions without a trend in place, the market usually rallies to relieve the oversold […]
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Professor’s Comments May 16, 2016
Posted by OMS at May
Now that the Dow has popped over 130 points, I’m gonna put on a few short positions. One of the stocks I’m looking at is NCR. It was on the Honor Roll last week and now I’m looking to short it near 28.60. That’s what I’m doing, h Not sure of the terminology we use? […]
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Members Watch List May 15, 2016
Posted by OMS at May
Ticker: Name: Rank: Price: KKD Krispy Kreme Doughnuts 11 21.14 ATW Atwood Oceanics 9 10.83 CDE COEUR D ALENE MINES CORP IDA 8 8.48 BIS ProShares UltraShort Biotech 5 44.26 CROX CROCS INC 5 9.21 GEOS Geospace Technologies Corp 5 16.67 PAAS PAN AMERN SILVER CORP 5 15.65 CLR Continental Resources 4 40.16 ABX BARRICK […]
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Dean’s List May 15, 2016
Posted by OMS at May
Ticker: Name: Rank: Price: FXP PROSHARES ULTRASHORT FTSE/XI 5 48.58 PAAS PAN AMERN SILVER CORP 5 15.65 ABX BARRICK GOLD CORP 3 18.41 EEV PROSHARES ULTRSHRT MSCI EMRN 3 21.93 GDXJ Market Vectors Junior Gold Miners E 3 37.18 XIV Inverse VIX Short Term ETN 3 27.66 AAON AAON INC 2 27.85 CORN Teucrium Corn […]
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Honor Roll May 15, 2016
Posted by OMS at May
L/S Ticker Name S NBR NABORS INDUSTRIES WS BBBY BED BATH & BEYOND WS DDS DILLARDS The Honor Roll strategy FAQ All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, and provided for educational purposes only. Nothing in this commentary or any attachments should be […]
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Weekend Strategy Review May 15, 2016
Posted by OMS at May
I’m attaching two charts for your review this morning. The first shows how The Tide has turned negative. Remember, we always want to trade in the direction of The Tide. The second chart shows the Head & Shoulders pattern that I talked about in the WSR. The RED line depicts the neckline near the 17,500 […]
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Weekend Strategy Review 5/15/16
Posted by OMS at May
I’m attaching two charts for your review this morning. The first shows how The Tide has turned negative. Remember, we always want to trade in the direction of The Tide. The second chart shows the Head & Shoulders pattern that I talked about in the WSR. The RED line depicts the neckline near the 17,500 […]
Category: ', Professor's Comments, Weekend Strategy Review