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


Executive Lounge, Wall Street Elite

There’s not a whole lot in this world that gives you the yummy-tum as watching an enemy go down.   Slowly.   When the come-uppance is cold and unexpected, when it comes after a significant wait, and is delivered gently, it’s as tasty as it comes.   So we read and always believed to be […]

April 18, 2017

What Tuesday Wrought (SPY,XRT)

Executive Lounge, Options Trader Elite

What Tuesday Wrought (SPY,XRT)   Could it be…?   Has it happened…?   Are we now entering the post-Trump corrective phase…?   And will it presage a thoroughgoing purge of the market bulls…?   Are we now at THE crossroads?  The end of the line?  The selling moment par excellence?   IS IT ALL DOWNHILL […]

March 23, 2017