Monthly Archives: January 2022
Professor’s Comments January 19, 2022
Posted by OMS at Jan
For the past few weeks, I have been talking about how the Dow would be lower in January as Wave “D” down within a large Ending diagonal pattern started to unfold. I said the wave would likely end somewhere between the 34,950 and 35,300 level. So yesterday, when the Dow dropped to a low of […]
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Members Watch List January 16, 2022
Posted by OMS at Jan
Ticker: Name: Rank: Price: CVI CVR Energy 12 22.22 NBR NABORS INDUSTRIES INC 8 115.02 CCL Carnival Corp 7 22.95 BCS Barclays PLC 6 12.09 HAL Halliburton Co 6 28.74 HP Helmerich & Payne Inc 6 30.40 LVS LAS VEGAS SANDS CORP 6 42.99 MRO USX Marathon Group 6 19.47 MT ARCELORMITTAL SA LUXEMBOURG 6 […]
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Dean’s List January 16, 2022
Posted by OMS at Jan
Ticker: Name: Rank: Price: DIG PROSHARE ULTRA OIL & Gas 8 101.55 UCO Crude Oil ETF 2X 8 104.08 MRO USX Marathon Group 6 19.47 OIH OIL SVC HOLDRS TR 5 228.21 USO UNITED STATES OIL FUND LP 4 59.97 VDE Vanguard Energy VIPERs 4 90.05 XLE Select Sector SPDR-Energy 4 64.51 XOM Exxon Mobil […]
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Weekend Strategy Review January 16, 2022
Posted by OMS at Jan
In my last Update, I said the next day or so could be good days to trade. They were! I had two really nice ‘cigar’ days on both Thursday and Friday. I broke out a big fat stogie after trading was done and enjoyed them with some of that nice bourbon several of you gave […]
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Professor’s Comments Before the Open 1/13/2022
Posted by OMS at Jan
Yesterday’s decline on the Dow and S&P, while producing a nice profitable trading day, never really developed the legs I expected. The Russell (IWM) looked like it would test and break below the 212 level, but it never did. So, it’s possible that yesterday’s decline was only a minor sub-wave within the middle wave of […]
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Members Watch List January 13, 2022
Posted by OMS at Jan
Ticker: Name: Rank: Price: UNG UNITED STATES NATURAL GAS FU 10 15.97 CVI CVR Energy 9 20.80 MT ARCELORMITTAL SA LUXEMBOURG 8 37.24 EQT Equitable Resources Inc 6 24.66 F Ford Mtr Co 6 24.47 HP Helmerich & Payne Inc 6 28.56 SLB Schlumberger Ltd 6 36.45 VALE Vale SA 6 15.55 BCS Barclays PLC […]
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Dean’s List January 13, 2022
Posted by OMS at Jan
Ticker: Name: Rank: Price: UNG UNITED STATES NATURAL GAS FU 10 15.97 DIG PROSHARE ULTRA OIL & Gas 8 98.11 UCO Crude Oil ETF 2X 7 100.59 MRO USX Marathon Group 5 18.71 OIH OIL SVC HOLDRS TR 5 219.56 PXE PowerShares Energy Exploration & Pr 5 22.55 XOM Exxon Mobil Corp 5 71.14 USO […]
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Professor’s Comments January 13, 2022
Posted by OMS at Jan
Stocks finished slightly higher yesterday after oscillating around their starting point for most of the day. The Dow finished with a gain of 38 points, closing at 36,290. The NASDAQ and S&P were up 35 and 13 points, respectively. Volume on the NYSE was moderate, coming in at 100 percent of its 10-day moving average. […]
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Professor’s Comments – Before the Open 1/12/2022
Posted by OMS at Jan
In yesterday’s comments, I said it’s hard to say where wave ‘b’ or wave 2 up will end, but I wouldn’t expect it to move beyond resistance near the 36,300 level. So just before the close, the Dow reached a high of 36,271. The entire day was spent forming the final waves of either retracement […]
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Members Watch List January 11, 2022
Posted by OMS at Jan
Ticker: Name: Rank: Price: CVI CVR Energy 9 20.19 HP Helmerich & Payne Inc 9 28.06 F Ford Mtr Co 8 23.85 NBR NABORS INDUSTRIES INC 7 97.37 SLB Schlumberger Ltd 7 35.12 BCS Barclays PLC 6 11.55 HAL Halliburton Co 6 25.85 PLAB Photronics Inc 6 18.47 TEVA Teva Pharmaceutical Ind 6 9.12 CERN […]
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