Monthly Archives: October 2020
Professor’s Comments October 30, 2020
Posted by OMS at Oct
Yesterday, the Dow traded down to a low of 26,291 before rallying to close at 26,659. The early decline appeared to be the completion of wave 3 down within a five wave sequence for Major Wave B down. Yesterday’s late rally back above 26,500 could be considered part or all of a small wave 4 […]
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Members Watch List October 29, 2020
Posted by OMS at Oct
Ticker: Name: Rank: Price: TCBI TEXAS CAPITAL BANCSHARES INC 11 43.99 BBBY Bed Bath & Beyond 7 21.10 CLF Cleveland Cliffs Inc 7 7.98 CROX CROCS INC 6 53.93 XLNX Xilinx Inc 6 119.76 GE General Elec Co 5 7.42 VXX S&P 500 VIX Short Term 5 27.73 DDS Dil ards Inc 4 45.38 EQT […]
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Dean’s List October 29, 2020
Posted by OMS at Oct
Ticker: Name: Rank: Price: DUG PROSHARE TRUST ULTRASHORT OI 5 63.97 EPV ProShares UltraShort Europe ETF 5 24.91 VXX S&P 500 VIX Short Term 5 27.73 DXD ULTRASHORT DOW30 PROSHARES 3 16.94 SCO PROSHARES 2X SHORT Crude Oil 3 18.56 EWT iShares MSCI Taiwan 2 45.52 EWW iShares MSCI Mexico 2 34.30 PBW PowerShares WilderHil […]
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Professor’s Comments October 29, 2020
Posted by OMS at Oct
The markets fell hard yesterday on heavy volume and breadth. The Tick was massively negative again, with two of the last three sessions recording a closing reading over -1,000! That’s an incredibly negative number and usually marks some type of short-term bottom in the market. The Dow finished the day down 943 points, closing at […]
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Members Watch List October 27, 2020
Posted by OMS at Oct
Ticker: Name: Rank: Price: BBBY Bed Bath & Beyond 16 24.73 TCBI TEXAS CAPITAL BANCSHARES INC 10 43.12 CLF Cleveland Cliffs Inc 9 8.52 DDS Dil ards Inc 8 48.34 UA UNDER ARMOUR INC 7 12.23 ANDE ANDERSONS INC 5 23.26 AIG American Intl Group Inc 4 31.26 BYD BOYD GAMING CORP 4 34.06 CROX […]
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Dean’s List October 27, 2020
Posted by OMS at Oct
Ticker: Name: Rank: Price: DUG PROSHARE TRUST ULTRASHORT OI 5 57.64 SCO PROSHARES 2X SHORT Crude Oil 4 17.76 XLU Select Sector SPDR-Utilities 3 64.73 EWW iShares MSCI Mexico 2 35.79 PHO PowerShares Water Resources 2 42.46 PUI PowerShares Utilities 2 32.12 TBT PROSHARES ULTRASHORT BARC 20 2 16.38 UWM ULTRA RUSSELL2000 PROSHARES 2 59.72 […]
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Professor’s Comments October 27, 2020
Posted by OMS at Oct
The markets gapped lower at Monday’s open and broke below the support levels mentioned in the WSR ending the day with significant losses. The Dow was down 966 points at one point but a late day rally pared the loss to 640 points, with the close at 27,685. The NASDAQ and S&P were down 189 […]
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Members Watch List October 25, 2020
Posted by OMS at Oct
Ticker: Name: Rank: Price: BBBY Bed Bath & Beyond 18 25.36 DDD Three D Systems Corp 13 7.66 TCBI TEXAS CAPITAL BANCSHARES INC 11 42.78 CLF Cleveland Cliffs Inc 9 8.67 DDS Dil ards Inc 9 48.44 UA UNDER ARMOUR INC 9 12.74 BYD BOYD GAMING CORP 7 34.70 CROX CROCS INC 7 52.55 AIG […]
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Dean’s List October 25, 2020
Posted by OMS at Oct
Ticker: Name: Rank: Price: PSJ PowerShares Software 4 133.10 UWM ULTRA RUSSELL2000 PROSHARES 4 62.49 EWW iShares MSCI Mexico 3 36.48 PBW PowerShares WilderHil Clean Energy 3 67.70 PSI PowerShares Semiconductors 3 82.76 PUI PowerShares Utilities 3 32.24 QLD PROSHARES – Ultra QQQ 3 95.75 SSO PROSHARES – Ultra S&P 500 3 78.12 TBT PROSHARES […]
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Weekend Strategy Review October 25, 2020
Posted by OMS at Oct
The markets were mixed on Friday. The Dow finished with a loss of 28 points, closing at 28,336. The large cap index was down 271 points for the week. The tech heavy NASDAQ gained 42 points on Friday but was down 123 points for the week. The markets continue to trade in a narrow range […]
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