Monthly Archives: April 2020
Weekend Strategy Review April 5, 2020
Posted by OMS at Apr
The markets had another strong decline on Friday, with the Dow falling 361 points to close at 21,052. The Dow was down 550 points at one point, before staging a late rally into the close. It’s this corrective rally that makes me believe Friday’s decline could have been the end of Wave ‘B’ down and […]
Category: ', Professor's Comments, Weekend Strategy Review
Professor’s Comments 4/3/2020
Posted by OMS at Apr
The BLS will be releasing the results of the March Jobs Report at 8:30 this morning. A weak market ahead of the report usually tends to stay weak. Looking back a few years, the odds of a lower close 2-3 sessions later are about 75 percent. Given the devastating impact the coronavirus is having on […]
Category: ', Professor's Comments
Members Watch List April 2, 2020
Posted by OMS at Apr
Ticker: Name: Rank: Price: VXX S&P 500 VIX Short Term 20 50.22 EQT Equitable Resources Inc 17 7.30 ANDE ANDERSONS INC 13 17.83 DUG PROSHARE TRUST ULTRASHORT OI 11 105.70 STX SEAGATE TECHNOLOGY 5 47.86 UNH United Healthgroup Inc 5 237.32 CCJ CAMECO CORP 4 7.75 MO Altria Co 4 37.61 VRTX Vertex Pharm Inc […]
Category: ', Members Watch List
Dean’s List April 2, 2020
Posted by OMS at Apr
Ticker: Name: Rank: Price: SCO PROSHARES ULTRASHORT DJ-AIG 20 46.36 VXX S&P 500 VIX Short Term 20 50.22 DUG PROSHARE TRUST ULTRASHORT OI 11 105.70 EWV ProShares UltraShort MSCI Japan 4 33.99 TWM ULTRASHORT RUSSELL2000 PROSH 4 22.16 EPV ProShares UltraShort Europe ETF 3 41.37 PGJ PowerShares Golden Dragon Halter US 3 36.94 RWM SHORT […]
Category: ', Dean's List
Professor’s Comments April 2, 2020
Posted by OMS at Apr
The markets fell hard again yesterday two days after completing an inside day pattern that usually marks an intermediate term top. The Dow finished with a loss of 974 points, closing at 20,944. The NASDAQ and SPX were down 3460 and 114 points, respectively. Volume on the NYSE was light again, only 84 percent of […]
Category: ', Professor's Comments
Professor’s Comments 4/1/2020
Posted by OMS at Apr
The Dow futures are down over 700 points this morning, and the Model’s DXDs are showing a profit of over 2.30 points. I found it interesting that this mornings decline in the futures stopped exactly where I would expect a ‘B’ wave retracement of last week’s rally wave to stop….if the current retracement is part […]
Category: ', Professor's Comments