Monthly Archives: March 2022
Professor’s Comments March 17, 2022
Posted by OMS at Mar
Stocks fell early, then rose sharply after the Fed announced a less than expected quarter percent rise in interest rates. The Dow finished with a gain of 599 points, closing at 34,063. The NASDAQ and S&P were up 488 and 95 points, respectively. Volume on the NYSE was moderate, coming in right at its 10-day […]
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Members Watch List March 15, 2022
Posted by OMS at Mar
Ticker: Name: Rank: Price: CVI CVR Energy 12 23.79 RES RPC Inc 12 10.54 X USX-U S Stl 12 32.21 BBBY Bed Bath & Beyond 10 19.21 CCJ CAMECO CORP 10 25.76 CLF Cleveland Cliffs Inc 9 25.11 ACHC Acadia Healthcare 7 64.23 GBX Greenbriar Companies 7 50.37 HP Helmerich & Payne Inc 7 40.85 […]
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Dean’s List March 15, 2022
Posted by OMS at Mar
Ticker: Name: Rank: Price: FXP PROSHARES ULTRASHORT FTSE/XI 21 68.01 EEV PROSHARES ULTRSHRT MSCI EMRN 6 23.02 OIH OIL SVC HOLDRS TR 6 274.16 RGLD ROYAL GOLD INC 6 133.81 TBT PROSHARES ULTRASHORT BARC 20 6 20.71 URA Global X Uranium ETF 6 23.94 VNO Vornado Realty Trust 6 45.74 VXX S&P 500 VIX Short […]
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Professor’s Comments March 15, 2022
Posted by OMS at Mar
Stocks tried to rally early yesterday but gave in to selling pressure by day’s end. The Dow ended the day flat, down 1 point at 32,946. The weaker NASDAQ lost 253 points; the S&P finished down 32 points. Volume on the NYSE was moderate, coming in at 92 percent of its 10-day average. Seventy-three percent […]
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Members Watch List March 13, 2022
Posted by OMS at Mar
Ticker: Name: Rank: Price: RES RPC Inc 16 11.46 CVI CVR Energy 14 24.28 X USX-U S Stl 11 33.34 MOS MOSAIC CO 10 61.92 NBR NABORS INDUSTRIES INC 10 159.21 AU ANGLOGOLD LTD 8 25.53 BBBY Bed Bath & Beyond 8 19.99 HP Helmerich & Payne Inc 8 41.88 RGLD ROYAL GOLD INC 8 […]
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Dean’s List March 13, 2022
Posted by OMS at Mar
Ticker: Name: Rank: Price: FXP PROSHARES ULTRASHORT FTSE/XI 19 60.00 AU ANGLOGOLD LTD 8 25.53 EEV PROSHARES ULTRSHRT MSCI EMRN 8 21.98 RGLD ROYAL GOLD INC 8 137.18 CVX Chevron Texaco Corp 7 170.90 DIG PROSHARE ULTRA OIL & Gas 7 140.29 GDX MARKET VECTORS ETF TR 7 38.29 HL HECLA MNG CO 7 6.86 […]
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Weekend Strategy Review March 13, 2022
Posted by OMS at Mar
Stocks finished lower on Friday, appearing to complete sub-wave wave ‘b’ down of the complex double zig-zag pattern I talked about in Thursday’s Comments. The Dow fell 230 points, closing at 32,944. The large cap index was down 670 points for the week. The NASDAQ and S&P were down 286 and 18 points, respectively. Volume […]
Category: ', Professor's Comments, Weekend Strategy Review
Professor’s Comments – Before the Open 3/11/2022
Posted by OMS at Mar
Even though yesterday’s early decline in the Dow was large, it was not impulsive. There was no downside follow through, and the late afternoon rally caused the Dow to make up most of the loss, closing 112 points lower. If Wave 3 down was underway, this would not happen. So, after watching yesterday’s action, I […]
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Professor’s Comments March 10, 2022
Posted by OMS at Mar
In Tuesday’s Comments, I discussed an alternate scenario where stocks could stage a strong rally if Wave 2 up was not complete. I gave this scenario low odds after what I saw happen on Monday, when the Dow dropped 797 pints. I said, “it’s possible that the Dow could stage a small rally, if one […]
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Members Watch List March 8, 2022
Posted by OMS at Mar
Ticker: Name: Rank: Price: UCO Crude Oil ETF 2X 22 187.02 RES RPC Inc 20 10.78 CLF Cleveland Cliffs Inc 16 26.06 MOS MOSAIC CO 16 61.14 BBBY Bed Bath & Beyond 15 21.71 X USX-U S Stl 14 31.20 HP Helmerich & Payne Inc 13 42.07 HL HECLA MNG CO 12 6.95 VALE Vale […]
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