Monthly Archives: January 2020
Professor’s Comments January 31, 2020
Posted by OMS at Jan
he Model exited all its inverse positions yesterday mostly because of mixed market timing signals and unclear patterns. The Dow made several attempts to break below the 28 500 level yesterday and failed. The failure to trade below 28,500 and NOT being able to count five waves down increases the odds that a short-term bottom […]
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Professor’s Comments Update 2 1/30/20
Posted by OMS at Jan
Earlier this morning, the Dow attempted to trade below the 28,500 level and failed . The same level was retested a few minutes ago with the same result. So its possible that the 28,500 level will NOT be penetrated, and unless the Dow moves below 28,500, it will be hard to count today’s decline as […]
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Professor’s Comments Update 1/30/20
Posted by OMS at Jan
The Model just sold its shares of TMF and VXX at prices near current levels, h Not sure of the terminology we use? Check out these articles The Hockey Stick PatternThe Creation of Waves and TrendsFAQ All of the commentary expressed in this site and any attachments are opinions of the author, subject to change, […]
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Members Watch List January 30, 2020
Posted by OMS at Jan
Ticker: Name: Rank: Price: DUG PROSHARE TRUST ULTRASHORT OI 8 46.21 TSLA Tesla Motors 7 580.99 GE General Elec Co 6 12.94 LEN Lennar Corp 6 67.78 DB DEUTSCHE BK A G 5 8.77 INTC Intel Corp 5 66.33 PHM Pulte Homes Inc 5 46.01 DDD Three D Systems Corp 4 11.27 AAPL Apple Computers […]
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Dean’s List January 30, 2020
Posted by OMS at Jan
Ticker: Name: Rank: Price: SCO PROSHARES ULTRASHORT DJ-AIG 10 15.64 DUG PROSHARE TRUST ULTRASHORT OI 8 46.21 TMF Direxion Daily 20+ Yr Trsy Bull 3X 6 31.13 AAPL Apple Computers Inc 3 324.34 ITB iShares Dow Jones US Home Construct 3 48.71 PALL ETFS Physical Palladium Shares 3 215.86 FXP PROSHARES ULTRASHORT FTSE/XI 2 59.68 […]
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Professor’s Comments January 30, 2020
Posted by OMS at Jan
OK, lots if important stuff to cover this morning so let’s get right to it. The markets rose for the past two days in what appeared to be a retracement rally from Monday’s low of 28,440. In Tuesday’s Comments I mentioned this potential wave 4 rally would likely take the Dow back to the 28,700+/- […]
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Members Watch List January 28, 2020
Posted by OMS at Jan
Ticker: Name: Rank: Price: TSLA Tesla Motors 10 558.02 DUG PROSHARE TRUST ULTRASHORT OI 7 45.60 DDD Three D Systems Corp 6 11.08 INTC Intel Corp 5 65.69 LEN Lennar Corp 5 67.29 BIS ProShares UltraShort Biotech 4 14.42 CTL Century Telephone Enterprises 4 14.54 FNV Franco-Nevada Corporation 4 110.00 PHM Pulte Homes Inc 4 […]
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Dean’s List January 28, 2020
Posted by OMS at Jan
Ticker: Name: Rank: Price: SCO PROSHARES ULTRASHORT DJ-AIG 8 15.80 DUG PROSHARE TRUST ULTRASHORT OI 7 45.60 FXP PROSHARES ULTRASHORT FTSE/XI 6 61.22 TMF Direxion Daily 20+ Yr Trsy Bull 3X 5 31.01 EEV PROSHARES ULTRSHRT MSCI EMRN 4 38.01 VXX S&P 500 VIX Short Term 4 15.71 PALL ETFS Physical Palladium Shares 3 211.23 […]
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Professor’s Comments January 28, 2020
Posted by OMS at Jan
The markets fell hard yesterday on concern that the Coronavirus in China is spreading. If the virus continues to spread it will impact global trade, which in turn will lower corporate profits and adversely impact the equity markets. After yesterday’s gap down opening, the Dow finished with a loss of 454 points at 28,535. The NASDAQ […]
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Professor’s Comments January 27, 2020
Posted by OMS at Jan
Dow futures are down almost 400 points this morning on concern that the Coronavirus in China is spreading. If the virus continues spread it will impact international trade, which in turn will lower corporate profits and adversely impact the equity markets. If the Dow closes down today, it will turn the market timing indicators negative, […]
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