Volume Precedes Price (PIR,XLK,KBE)

Executive Lounge, Options Trader Elite

Volume Precedes Price (PIR,XLK,KBE)   It’s axiomatic among market technicians that volume is the key ingredient behind price changes.  On the one hand, it’s a purely economic equation, the greater the demand for an item, the higher it’s price will move, given a static supply.  Conversely, when demand dries up, prices should be expected to […]

February 23, 2017

Spot the Wise-Guy (KBE,XLK)

Executive Lounge, Options Trader Elite

We’re going to lead off today with a bit of a quiz.   We want to see a) who can spot the investing ‘wise guy’, and b) in so doing, declare himself an investing ‘wise-guy’ himself.   So we’ll start with this –   It came to our attention yesterday that Atlanta investment powerhouse Invesco […]

January 26, 2017

Dollar Fires Shake up the Market (DXY, XLI, XLK)

Bourbon & Bayonets

We’re going to start today with some comments on the dollar. Why? Because going into the weekend the dollar is looking stronger than it has in over a year. As the chart below shows, the U.S. Dollar Index (DXY), a widely accepted theoretical value assigned to buck, that’s calculated as a composite of a basket […]

July 31, 2014