Monthly Archives: December 2022
Professor’s Comments December 20, 2022
Posted by OMS at Dec
Stocks fell yesterday for the fourth consecutive trading day. The Dow finished with a loss of 162 points, closing at 32,754. The NASDAQ and S&P were down 159 and 35 points, respectively. Volume on the NYSE was heavy, coming in at 145 percent of its 10-day average. There were 31 new highs and 178 new […]
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Members Watch List December 18, 2022
Posted by OMS at Dec
Ticker: Name: Rank: Price: CEE Central Europe & Russia Fund 5 8.49 BURL Burlington Stores 4 185.80 QID ULTRASHORT QQQ PROSHARES 3 24.69 UNG UNITED STATES NATURAL GAS FU 3 20.10 ACHC Acadia Healthcare 2 84.70 BUD Anheuser- Busch InBev 2 59.63 DXD ULTRASHORT DOW30 PROSHARES 2 43.83 HSY Hershey Foods Corp 2 235.00 LEN […]
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Dean’s List December 18, 2022
Posted by OMS at Dec
Ticker: Name: Rank: Price: DUG PROSHARE TRUST ULTRASHORT OI 6 13.54 TMF Direxion Daily 20+ Yr Trsy Bull 3X 5 9.64 SCO PROSHARES 2X SHORT Crude Oil 4 27.85 TWM ULTRASHORT RUSSELL2000 PROSH 4 16.64 QID ULTRASHORT QQQ PROSHARES 3 24.69 SKF PROSHARE TRUST ULTRASHORT FI 3 19.99 UNG UNITED STATES NATURAL GAS FU 3 […]
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Weekend Strategy Review December 18, 2022
Posted by OMS at Dec
Stocks had another bad day yesterday, dropping 282 points to close at 32,920. Since the large cap index topped on 13 December, only 4 days ago, the Dow is now down 2,058 points. The NASDAQ and S&P were down 10 and 43 points on Friday. Wave 3 down is now underway. One item that caught […]
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Professor’s Comments – Yesterday’s Decline 12/16/2022
Posted by OMS at Dec
In yesterday’s trading, all the major indexes broke and closed below the ‘lines in the sand’ I was using to confirm the start of Major Wave 3 down. In doing so, they eliminated all remaining Bullish alternatives from an Elliott Wave perspective. Wave 3’s are impulse waves, and as such are usually the most dramatic. […]
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Members Watch List December 13, 2022
Posted by OMS at Dec
Ticker: Name: Rank: Price: BURL Burlington Stores 10 195.55 BIDU BAIDU COM INC 9 116.60 UA UNDER ARMOUR INC 7 9.12 AU ANGLOGOLD LTD 6 18.59 NVDA NVIDIA Corp 6 175.35 CEE Central Europe & Russia Fund 5 8.28 FB Facebook 5 114.71 LVS LAS VEGAS SANDS CORP 5 48.36 NFLX NETFLIX COM INC 5 […]
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Dean’s List December 13, 2022
Posted by OMS at Dec
Ticker: Name: Rank: Price: SCO PROSHARES 2X SHORT Crude Oil 9 28.08 TMF Direxion Daily 20+ Yr Trsy Bull 3X 9 9.46 PGJ PowerShares Golden Dragon Halter US 7 27.78 AU ANGLOGOLD LTD 6 18.59 DUG PROSHARE TRUST ULTRASHORT OI 5 13.40 FXI iShares FTSE/Xinhua China 25 5 28.61 GDX MARKET VECTORS ETF TR 4 […]
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Professor’s Comments December 13, 2022
Posted by OMS at Dec
There is no change to my short-term forecast after yesterday’s 500-point Dow rally. Stocks continue to trace out a five wave decline from the 1 December high. Yesterday’s rally was a wave 4 up within the pattern. Once this wave completes, wave 5 down will draw prices below last Wednesday’s wave 3 low of 33,418 […]
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Members Watch List December 11, 2022
Posted by OMS at Dec
Ticker: Name: Rank: Price: BIDU BAIDU COM INC 8 119.99 BURL Burlington Stores 8 194.92 AU ANGLOGOLD LTD 5 18.48 NFLX NETFLIX COM INC 5 320.01 AAON AAON INC 4 80.50 CEE Central Europe & Russia Fund 4 8.15 CLF Cleveland Cliffs Inc 4 15.50 FB Facebook 4 115.90 LVS LAS VEGAS SANDS CORP 4 […]
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Dean’s List December 11, 2022
Posted by OMS at Dec
Ticker: Name: Rank: Price: SCO PROSHARES 2X SHORT Crude Oil 13 29.42 DUG PROSHARE TRUST ULTRASHORT OI 9 14.11 TMF Direxion Daily 20+ Yr Trsy Bull 3X 8 9.38 PGJ PowerShares Golden Dragon Halter US 6 28.64 AU ANGLOGOLD LTD 5 18.48 FXI iShares FTSE/Xinhua China 25 4 28.95 GDX MARKET VECTORS ETF TR 3 […]
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