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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Keep Cool, Bro (XOP, ZJO)


Bourbon & Bayonets

There’s a little known bit of trading advice that we were given as relative newcomers to the world of finance some 25-years ago that we still hold dear. It’s not the kind of advice that the best trained MBAs and CFAs of Wall Street will admit to, but that’s not our problem here. Fact is, […]

June 19, 2014

Shorting the Final Frontier (FM, TYX)


Bourbon & Bayonets

Gonna to take a moment to discuss the bond market, which, if you’ve been paying attention, has not rolled over and played dead as fast as we said it would. Remember, we’ve been of the opinion that the bull market in bonds – a thirty-year affair that brought long yields down from over fifteen percent […]

June 12, 2014

The Next Wave Higher (XLF, SPY)


Executive Lounge, Wall Street Elite

We’ve spoken a number of times in the past about the advantages and use of technical analysis in the study of markets. And we’ve also discussed the limitations that we currently face using those same tools as we attempt to navigate what we believe is an unprecedented market reality – one of global super-hyper-liquidity. [click […]

June 9, 2014

Fan Appreciation Day (TLT, XLF, SPX)


Bourbon & Bayonets

Where would a king be without his vassals? Where would a shepherd be without his flock? A prison guard without criminals? Answer – Why, they’d be nowhere. They’d be nothing! Nobody! And so, too, with us scribblers. With no readers, we’d be whipped about like a batch of scrambled eggs, salted, eaten and as quickly […]

June 5, 2014

Don’t be a ‘Hoper’ (EPI, GLD)


Bourbon & Bayonets

High school football coach used to yell at us something fierce for not being in on every tackle. “Don’t be a hoper,” he’d yell. “Don’t just stand there hoping someone else gets it done, Ruminov! You get in there yourself – you be the one! Cement head.” Never had to convince me, though. I always […]

May 29, 2014

Reader Discretion is Advised (XLY)


Bourbon & Bayonets

We’re going to return today to one of the themes we highlighted in last week’s letter and attempt to explore it in somewhat greater depth. For those who wish to go back and review our thoughts of May 15th, the letter was called Horrifying Research Reveals Rally-Ready Market. Now onto business. We were exploring the […]

May 22, 2014