Monthly Archives: May 2020
Professor’s Comments May 12, 2020
Posted by OMS at May
The markets were mixed yesterday. After an initial decline predicted by Friday’s low volume rally, the Dow rallied intraday and then fell into the close. Once again, the volume dried up on the rally, meaning the Dow could be getting close to a top. It might not exceed the 29 April high of 24,765. The […]
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Weekend Strategy Review May 10, 2020
Posted by OMS at May
The markets continued to rally on Friday after the BLS released the May Jobs Report. The report said that the U.S. economy shed more than 20 million jobs last month, the largest month-to-month decline in history. Hardest hit were the leisure and hospitality industries. Unemployment rose to nearly 15 percent, an increase of 10.3 percent from […]
Category: ', Professor's Comments, Weekend Strategy Review
Professor’s Comments May 7, 2020
Posted by OMS at May
The market continued its decline yesterday in what appeared to be the completion of corrective Wave 2 down of Wave C up within Major Wave B up. The Dow finished with a loss of 218 points, closing at 23,665. The NASDAQ and SPX were down 45 and 20 points, respectively. Volume on the NYSE was […]
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Members Watch List May 5, 2020
Posted by OMS at May
Ticker: Name: Rank: Price: EQT Equitable Resources Inc 23 14.80 CLR Continental Resources 15 14.30 DVN Devon Energy Corp 11 11.42 TSLA Tesla Motors 11 761.19 ADS ALLIANCE DATA SYS CORP 10 46.34 CVI CVR Energy 10 22.42 CCJ CAMECO CORP 9 10.88 HAL Halliburton Co 9 10.03 PAAS PAN AMERN SILVER CORP 9 22.41 […]
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Dean’s List May 5, 2020
Posted by OMS at May
Ticker: Name: Rank: Price: PXE PowerShares Energy Exploration & Pr 12 9.71 XOP SPDR S&P Oil & Gas Exp ETF 11 52.59 PAAS PAN AMERN SILVER CORP 9 22.41 DIG PROSHARE ULTRA OIL & Gas 8 74.57 SCO PROSHARES ULTRASHORT DJ-AIG 8 45.01 GDX MARKET VECTORS ETF TR 7 33.99 GDXJ Market Vectors Junior Gold […]
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Professor’s Comments May 5, 2020
Posted by OMS at May
The markets fell early completing what appeared to be an a-b-c move for wave 2 down of Wave C up within Major Wave B up. The Dow finished with a gain of 26 points, closing at 23,750. The NASDAQ and SPX were up 106 and 12 points, respectively. Volume on the NYSE was moderate, coming […]
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Members Watch List May 3, 2020
Posted by OMS at May
Ticker: Name: Rank: Price: EQT Equitable Resources Inc 22 14.37 DVN Devon Energy Corp 17 11.15 CLR Continental Resources 16 14.21 THO Thor Industries Inc 15 62.94 ADS ALLIANCE DATA SYS CORP 14 46.38 CVI CVR Energy 13 20.61 HAL Halliburton Co 13 9.76 RCL ROYAL CARIBBEAN CRUISES LTD 13 40.77 CCJ CAMECO CORP 12 […]
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Dean’s List May 3, 2020
Posted by OMS at May
Ticker: Name: Rank: Price: SCO PROSHARES ULTRASHORT DJ-AIG 16 48.76 DIG PROSHARE ULTRA OIL & Gas 13 69.77 PXE PowerShares Energy Exploration & Pr 13 9.30 XOP SPDR S&P Oil & Gas Exp ETF 13 50.01 ITB iShares Dow Jones US Home Construct 9 35.82 PAAS PAN AMERN SILVER CORP 9 21.79 CVX Chevron Texaco […]
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Weekend Strategy Review May 3, 2020
Posted by OMS at May
The markets fell hard on Friday on Friday on weak breadth and volume. The Dow finished 622 points lower, closing at 23,724. It was down 52 points for the week. The NASDAQ was down 285 points on Friday and down 30 points for the week. Friday’s decline broke through an important trend line on the […]
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