Monthly Archives: September 2022
Weekend Strategy Review September 18, 2022
Posted by OMS at Sep
Friday was an expiration date for standard equity options, equity index options and ETF options. The first two sessions after the September expiration do not have a particularly strong record for seeing gains, as the historical data shows the market was down more than twice as many times as it was up. The thing that […]
Category: ', Professor's Comments, Weekend Strategy Review
Professor’s Comments September 15, 2022
Posted by OMS at Sep
In last weekend’s WSR, I said, ‘It’s time to get short’. Two days after these I wrote these words, the Dow fell 1,277 points, making it the 7th largest point decline in the history of the U.S. stock market. The decline wiped away $1.75 Trillion of wealth from the U.S. economy. The decline started immediately […]
Category: ', Professor's Comments
Professor’s Comments September 13, 2022
Posted by OMS at Sep
Before I left home, I said the market would likely rally into 15 September +/- a day, which is a Fibonacci turn date. So far, that prediction has proved accurate. Today’s rally on the Dow carried to the 32,505 level, before pulling back to close at 32,381. If today’s rally did not complete wave ‘c’ […]
Category: ', Professor's Comments
Weekend Strategy Review September 11, 2022
Posted by OMS at Sep
In my last update, I discussed how the Dow would likely rally above the 32,000 level to complete sub-wave ‘c’ of retracement wave 2 up. My targets were between 32,164 to 32,289 levels. Yesterday, the Dow reached a high of 32,227 before pulling back to close at 32,150, a gain of 377 points. The NASDAQ […]
Category: ', Professor's Comments, Weekend Strategy Review
Members Watch List September 7, 2022
Posted by OMS at Sep
Ticker: Name: Rank: Price: BBBY Bed Bath & Beyond 17 7.04 SSG PROSHARE TRUST ULTRASHORT SE 15 29.17 QID ULTRASHORT QQQ PROSHARES 9 23.27 BIS ProShares UltraShort Biotech 6 25.33 DXD ULTRASHORT DOW30 PROSHARES 6 50.31 FSLR FIRST SOLAR INC 4 127.60 RWM SHORT RUSSELL2000 PROSHARES 4 24.58 TBT PROSHARES ULTRASHORT BARC 20 4 29.15 […]
Category: ', Members Watch List
Dean’s List September 7, 2022
Posted by OMS at Sep
Ticker: Name: Rank: Price: SSG PROSHARE TRUST ULTRASHORT SE 15 29.17 QID ULTRASHORT QQQ PROSHARES 9 23.27 EPV ProShares UltraShort Europe ETF 7 17.10 FXP PROSHARES ULTRASHORT FTSE/XI 7 42.59 TWM ULTRASHORT RUSSELL2000 PROSH 7 17.10 DXD ULTRASHORT DOW30 PROSHARES 6 50.31 EWV ProShares UltraShort MSCI Japan 6 20.18 SDS ULTRASHORT S&P 500 PROSHARES 6 […]
Category: ', Dean's List
Professor’s Comments September 7, 2022
Posted by OMS at Sep
Stocks fell immediately after yesterday’s open, then tried to stage a rally but failed and closed sharply lower. The Dow finished with a loss of 173 points, closing at 31,145, which is only 95 points from my near-term target of 31,050. The NASDAQ and S&P were down 86 and 16 points, respectively. Volume on the […]
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Professor’s Comments – A Few More Weekend Thoughts 9/5/2022
Posted by OMS at Sep
The decline on the Dow and the other major indexes since the 16 August Wave 2 high into Thursday’s low was a classic nine wave impulsive decline. The nine waves vs. the normal 5 results from an extended fifth wave. You can clearly see the nine waves down on a 60 min chart. Because of […]
Category: ', Professor's Comments
Members Watch List September 4, 2022
Posted by OMS at Sep
Ticker: Name: Rank: Price: BBBY Bed Bath & Beyond 23 8.63 SSG PROSHARE TRUST ULTRASHORT SE 10 28.76 FSLR FIRST SOLAR INC 7 126.41 UBER Uber 6 29.05 CAH Cardinal Health 5 70.99 DDS Dillards Inc 5 289.07 QID ULTRASHORT QQQ PROSHARES 5 22.92 CCJ CAMECO CORP 4 28.82 COIN Coinbase Global 4 65.26 DXD […]
Category: ', Members Watch List
Dean’s List September 4, 2022
Posted by OMS at Sep
Ticker: Name: Rank: Price: SSG PROSHARE TRUST ULTRASHORT SE 10 28.76 EPV ProShares UltraShort Europe ETF 6 17.21 SCO PROSHARES 2X SHORT Crude Oil 6 25.68 EWV ProShares UltraShort MSCI Japan 5 19.54 QID ULTRASHORT QQQ PROSHARES 5 22.92 DXD ULTRASHORT DOW30 PROSHARES 4 49.82 SDS ULTRASHORT S&P 500 PROSHARES 4 46.05 TWM ULTRASHORT RUSSELL2000 […]
Category: ', Dean's List