Summertime Blues (GS)

Executive Lounge, Wall Street Elite

Summertime Blues (GS)   OK, so it was the Fourth of July, and a lot of folk took leave from the markets, but does that really explain it? We’re talking about a significant decline in trading volume that occurred at the end of last week amidst a market rise that now, on second glance, is […]

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The Denizens of Intelligenz (WWE,GLD,SO,NFLX)

Executive Lounge, Wall Street Elite

The Denizens of Intelligenz (WWE,GLD,SO,NFLX)   By definition, exactly half the population possesses below average intelligence.   And that’s not a comfortable statistic.   So who’s the dumb ones?   Well, it certainly doesn’t break down on socio-economic lines.  Don’t think, for example, you got smarts because you got cash, Giles.  It don’t work that […]

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Behind the Scenes and Under the Radar (SO,NFLX,FXI)

Executive Lounge, Wall Street Elite

Behind the Scenes and Under the Radar (SO,NFLX,FXI)   It’s a political world, friends.  Has been for a while.   Everything that’s done or said or written these days, it seems, is employed to further an agenda.   Truth be damned, is what it’s all about; let ‘the story’ carry the day, whatever it may […]

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Oil vs Wheels (IYT,USO)

Executive Lounge, Wall Street Elite

Oil vs Wheels (IYT,USO)   It’s the interplay between the following two factors that we’re keeping our eye on these days, the better to apprehend the market’s immediate trajectory: oil and ‘market leaders’.   We’ve discussed this combo before, and how they work together.   The ‘leaders’ are the current sexy tech group, not related […]

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THE POLAR VORTEX HAS SPLIT! (UNG,USO,SPY)


Executive Lounge, Wall Street Elite

THE POLAR VORTEX HAS SPLIT! (UNG,USO,SPY) OH. MY. GAWD!   In a development that’s caught nearly everyone off guard, a massive high pressure system recently sundered the normally quiescent Arctic ‘polar vortex’ in two!   It’s a little known, unique weather event that, according to meteorologists, could bring MUCH WARMER TEMPERATURES TO THE AMERICAN EAST […]

February 20, 2018

Phoenix Envy (SPY)


Executive Lounge, Wall Street Elite

Phoenix Envy (SPY)   The market will move in the direction the majority least expect, for a duration that no one can predict, reversing precisely at a time that the greatest number are blindsided.   Or as a wise investor once wrote, “The market’s raison d’etre is to reach as deeply as possible into the […]

February 13, 2018

Getting Carried Away (SPY,IEF,PFE)


Executive Lounge, Wall Street Elite

Getting Carried Away (SPY,IEF,PFE)   There’s a concept in statistics that’s regularly applied to markets called ‘mean reversion’.  It’s a rather simple idea, that anytime numbers get too far stretched from their long-term historical norms – either too high or too low – they eventually snap back.   And it has proven itself long enough […]

January 30, 2018

DON’T LOOK BACK! (UUP,IYT)


Executive Lounge, Options Trader Elite

DON’T LOOK BACK! (UUP,IYT)   We’re currently in the midst of an overbought rapture of retail investor effusion, one that will send markets unpredictably higher in the very near term before an inevitable stall brings it all to a halt.   At that point we’ll have to see what happens.   It could take a […]

January 25, 2018