Monthly Archives: April 2022
Weekend Strategy Review April 24, 2022
Posted by OMS at Apr
Stocks got hammered yesterday as Wave 3 down kicked off with a 90 percent down day. The decline was the impulsive action I was looking for to confirm the wave count and Bearish patterns. Not even one of the 30 stocks in the Dow closed the day higher, as key support levels in several of […]
Category: ', Professor's Comments, Weekend Strategy Review
Professor’s Comments – Before the Open 4/22/2022
Posted by OMS at Apr
There’s a good possibility that yesterday’s sharp intraday reversal of 700 points in the Dow was the conclusion on Wave 2 up and the start of Wave 3 down. Intraday reversals like the one we saw yesterday are often seen at important tops. The large intraday reversal was also seen on the NASDAQ (reversed 557 […]
Category: ', Professor's Comments
Members Watch List April 21, 2022
Posted by OMS at Apr
Ticker: Name: Rank: Price: EQT Equitable Resources Inc 14 44.65 NBR NABORS INDUSTRIES INC 11 190.64 CVI CVR Energy 8 28.75 UNG UNITED STATES NATURAL GAS FU 8 24.00 ANDE ANDERSONS INC 7 58.03 BURL Burlington Stores 7 222.55 HP Helmerich & Payne Inc 7 49.67 LULU Lululemon Athletetica 6 385.40 MOS MOSAIC CO 6 […]
Category: ', Members Watch List
Dean’s List April 21, 2022
Posted by OMS at Apr
Ticker: Name: Rank: Price: UNG UNITED STATES NATURAL GAS FU 8 24.00 MRO USX Marathon Group 6 27.65 DIG PROSHARE ULTRA OIL & Gas 5 156.07 UCO Crude Oil ETF 2X 5 164.55 FXP PROSHARES ULTRASHORT FTSE/XI 4 44.32 PXE PowerShares Energy Exploration & Pr 4 30.29 TBT PROSHARES ULTRASHORT BARC 20 4 23.99 WY […]
Category: ', Dean's List
Professor’s Comments April 21, 2022
Posted by OMS at Apr
Stocks were mixed yesterday. The Dow rose 249 points, while the NASDAQ-100 fell 211 points. The S&P was little changed, down only 2.76 points. The wide difference between the two major indexes was in two stocks. IBM, which was up 9.17 points, accounted for 24 percent of the Dow’s 0.71 percent rally. On the other […]
Category: ', Professor's Comments
Members Watch List April 19, 2022
Posted by OMS at Apr
Ticker: Name: Rank: Price: UNG UNITED STATES NATURAL GAS FU 18 27.13 EQT Equitable Resources Inc 17 45.50 NBR NABORS INDUSTRIES INC 13 200.02 CEE Central Europe & Russia Fund 12 11.88 ANDE ANDERSONS INC 9 56.46 MOS MOSAIC CO 9 78.15 UCO Crude Oil ETF 2X 9 178.33 DDS Dillards Inc 8 302.27 LULU […]
Category: ', Members Watch List
Dean’s List April 19, 2022
Posted by OMS at Apr
Ticker: Name: Rank: Price: UNG UNITED STATES NATURAL GAS FU 18 27.13 UCO Crude Oil ETF 2X 9 178.33 DIG PROSHARE ULTRA OIL & Gas 8 157.35 MRO USX Marathon Group 7 26.88 PGJ PowerShares Golden Dragon Halter US 6 27.66 PXE PowerShares Energy Exploration & Pr 6 30.42 TBT PROSHARES ULTRASHORT BARC 20 6 […]
Category: ', Dean's List
Professor’s Comments April 19, 2022
Posted by OMS at Apr
Stocks finished mostly lower yesterday, after spending the day in choppy, sideways trading. The Dow lost 40 points, closing at 34,111. The NASDAQ and S&P dropped 19 and one point, respectively. Post-holiday volume on the NYSE was light, with less than 12 billion shares traded, well below the 10-day average. Down volume outpaced up volume […]
Category: ', Professor's Comments
Professor’s Comments – Before the Open 4/18/2022
Posted by OMS at Apr
Last Thursday’s high on the Russell 2K rose above Tuesday’s wave ‘a’ high, so from a pattern perspective, wave 2 of Wave 3 down can now be considered complete. The level to watch for today is 1991. A break below this level will be the first sign that wave 3 of Wave 3 down is […]
Category: ', Professor's Comments
Members Watch List April 14, 2022
Posted by OMS at Apr
Ticker: Name: Rank: Price: EQT Equitable Resources Inc 13 41.82 UNG UNITED STATES NATURAL GAS FU 12 24.62 ANDE ANDERSONS INC 10 57.56 CEE Central Europe & Russia Fund 10 12.70 MOS MOSAIC CO 8 75.05 BURL Burlington Stores 7 213.00 LULU Lululemon Athletetica 7 395.03 NBR NABORS INDUSTRIES INC 7 183.13 TEVA Teva Pharmaceutical […]
Category: ', Members Watch List