A Pullback Begets a Bounce (UNG, DIA, SPY)

Executive Lounge, Wall Street Elite

The charts don’t lie. And while a great deal of experience may be necessary to read them accurately, it can’t be said that technical analysis is in any way be detrimental to the health of your investment portfolio. _______________________________________________________ But that’s only half the story. Because refraining from lying is one thing. But screaming out […]

August 11, 2014

Hopping on a Gas Bounce (UNG, DXY)

Executive Lounge, Wall Street Elite

We’ve been re-gearing toward the resource sector over the last couple of months and even opened a trade or two focused on the changing price of crude. We’re continuing today in that vein, but branching out to examine some different commodities that we believe are now ready to ignite. But first a little background. We’ll […]

July 28, 2014

Trade the Weak Against the Strong (XHB,QQQ)

Executive Lounge, Wall Street Elite

We’re going to continue today with a theme that we’ve been pressing for some time now, but that still deserves some additional elaboration. Believe it: It’s Different this Time Wall Street is nothing if not skeptical. The best of the street’s traders and analysts are doubters nonpareil. Main Street also has its doubters. And it’s […]

July 7, 2014

The S&P Indy 500 (CTB, SPX)

Executive Lounge, Wall Street Elite

We’re going to attempt two separate operations today. First, to address (briefly) the current state of the equity market and second, to offer you a unique trade on a single company we’ve come to like over the last few weeks. We’ll start with the equity market. 1. KEY REVERSAL DAY We’re not going to belabor […]

June 30, 2014