A Watched Pot Never Boils (USO)

Executive Lounge, Wall Street Elite

Not just another useless piece of proverbial folk wisdom, friends; this one has some real cachet – and for market watchers, too.   In fact, consider it an iron-clad rule of investing for all traders at all times that when everyone is looking in one direction, right behind their backs something big is about to […]

January 27, 2016

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

Oil Back On The Rise

Executive Lounge, Options Trader Elite

With last Friday’s options expiry we have six trades to report, a few of which put blockbuster gumbo in our pockets. We run them down for you now, one by one. Our first report is from our September 30th trade. The letter was called How to Profit as America Goes to Hell, and in it […]

April 21, 2015

Three Mysteries of the Market Examined (DJTA)

Bourbon & Bayonets

We’ve got a few troubling questions that need answering, and if you can give us a hand, we’d be much obliged. To start, oil prices have dropped from near $100 a barrel last June to a low of just $45 a few weeks back. Transportation accounts for roughly 30% of the nation’s energy usage.  So […]

April 9, 2015

Overreactions and Oil (USO) Prices

Bourbon & Bayonets

Does it look like war? Sure smells like it. We’ll see how things shape up in the days and weeks ahead, but we have to warn readers that any kind of unexpected conflagration or a raising of the stakes in the Middle East or Ukraine could send an unwanted spook through the financial system. There’s […]

April 2, 2015