Vexation, Gloom, Anguish! (FCX)

Executive Lounge, Wall Street Elite

Saturnine?   Dyspeptic?   Depressed?   Maybe it’s without cause. Alright, let’s talk about the obvious.   The Brexit vote made everyone jump on the sell button, and it could be we’ll see more of the same as the week gets going.   With that in mind, let’s examine a few key features of the […]

June 27, 2016

Copper Top Battery (FCX)

Executive Lounge, Wall Street Elite

It’s a difficult thing – reality.   Tough to identify.  And tough to digest.   In some fields, it makes little difference; one can ignore reality for years, decades, even centuries in some cases, before the truth finally makes its appearance.  Then the jig is up.  Take the former Soviet Union, for example, or the […]

June 14, 2016

The Sachs of a McMorAno (FCX,GS)

Executive Lounge, Options Trader Elite

    We have to open with a quick shout-out to long time reader and avid backtalker Jesper, who recently took issue with fellow scribbler Hugh L. O’Haynew’s assertion that we here at Normandy were fibbing (the language was far more scurrilous than that – shame, Jesper!) when we said we’d long recommended the purchase […]

November 12, 2015

Closing an Oil Winner (FCX)

Executive Lounge, Options Trader Elite

Before we dive into the cheesecake, a quick word on oil. We’re of the opinion that this week will tell the tale for oil for the next four to six months, at least. The charts show that both the United States Oil Fund (NYSE:USO) and the Select Sector SPDR Energy ETF (NYSE:XLE), the first a […]

May 26, 2015

The Dam Begins to Crack (FCX and TLT)

Executive Lounge, Options Trader Elite

We’re starting to experience some VERY NICE movement in the market after a period of stagnation that feels like forever. In point of fact, it’s been anywhere between two and five months of sluggishness, depending upon the sector examined, but as the dams begin to break and the flows begin again to rejuvenate, we’ll likely […]

May 5, 2015