Monthly Archives: November 2019
Professor’s Comments November 6, 2019
Posted by OMS at Nov
The markets were mixed Tuesday, with the Dow closing 31 points higher at 27,492. The NASDAQ finished up 1 point with the SPX losing 4 points. Yesterday’s action saw the Dow trade to an intraday high of 27,560. The move appeared to be part of the fifth wave of final wave 5 up of the […]
Category: ', Professor's Comments
Professor’s Comments Update 11/6/19
Posted by OMS at Nov
The Model just bought a ‘trial’ position of 800 shares in DXD, a 2:1 inverse leveraged ETF for the Dow. This position was purchased to play a significant decline in the Dow during the next few months. Purchase price was 24.47.. h Not sure of the terminology we use? Check out these articles The Hockey […]
Category: ', Professor's Comments
Members Watch List November 5, 2019
Posted by OMS at Nov
Ticker: Name: Rank: Price: GE General Elec Co 9 10.93 CROX CROCS INC 7 35.78 TKR Timken Co 7 53.04 TSLA Tesla Motors 7 317.47 BBBY Bed Bath & Beyond 6 13.93 BIIB Biogen IDEC Inc 6 293.43 DDD Three D Systems Corp 6 9.73 TEVA Teva Pharmaceutical Ind 6 8.80 UNG UNITED STATES NATURAL […]
Category: ', Members Watch List
Dean’s List November 5, 2019
Posted by OMS at Nov
Ticker: Name: Rank: Price: UNG UNITED STATES NATURAL GAS FU 6 22.27 AAPL Apple Computers Inc 4 257.50 EWT iShares MSCI Taiwan 3 39.98 PBE PowerShares Biotechnology & Genome 3 51.80 PGJ PowerShares Golden Dragon Halter US 3 39.89 QLD PROSHARES – Ultra QQQ 3 108.08 UPV ProShares Ultra FTSE Europe 3 51.08 UWM ULTRA […]
Category: ', Dean's List
Professor’s Comments November 5, 2019
Posted by OMS at Nov
The markets rose on Monday with the Dow moving closer to finishing its Bearish Ending Diagonal Pattern. One more rally, either today or tomorrow, could do it. The Dow finished with a gain of 114 points, closing at 27,518. The NASDAQ and SPX were up 47 and 11 points, respectively. Volume on the NYSE was […]
Category: ', Professor's Comments
Weekend Strategy Review November 2, 2019
Posted by professor at Nov
The markets rallied hard on Friday after three consecutive days of small change signals from the A-D oscillator. The Dow finished with a gain of 301 points, closing at 27,347. It was up 389 points for the week. The NASDAQ rose 94 points on Friday and was up 143 points for the week. Friday’s quick […]
Category: ', Professor's Comments, Weekend Strategy Review
A few quick comments before the open November 1, 2019
Posted by professor at Nov
In yesterday’s late Comments, I mentioned that because the early decline DID NOT have the required follow through to be considered part of an impulsive wave structure, it was likely part of a corrective wave, either a wave 4 down or a minor wave d down. If this is the case, the Dow should make […]
Category: ', Professor's Comments
Professor’s Comments into the close October 31, 2019
Posted by professor at Nov
After an initial decline that looked impulsive, the decline stopped and turned into more of an a-b-c affair. Because of where the decline is occurring, it could be a small wave 4 retracement within the larger up move, leg which means that one more rally toward the 27, 300+ level on the Dow could be […]
Category: ', Professor's Comments
Professor’s Comments October 31, 2019
Posted by OMS at Nov
The markets rallied yesterday after the Fed lowered its benchmark rate by a quarter percent. And while the decline in rates was widely anticipated, what the Fed said about future rate cuts was not. By quietly removing a clause from the post-meeting statement that said it was committed to ‘act as appropriate to sustain the […]
Category: ', Professor's Comments
Category: ', Professor's Comments