Friday was a picture perfect session. The market rose at the open, spurred by two factors: index expiration and a bounce attempt. Then a natural attempt by the bears to repel the bounce was delivered on queue. Finally, the markets defended the bear attack and rose by the closing bell. PetSmart (PETM) finally traded down […]
Weekly Sector Update – IAI ($)
May 23, 2013 By 1 Comment
Today’s ETF is IAI, iShares U.S. Broker Dealers ETF. Felix has ranked this number three this week. We are putting it in the spotlight since we covered the top two sectors in our last two weekly posts. Last week’s GEX, is still number one and the previous week’s ITB is number two! Investor Take IAI […]
My Gut Feeling for Today, April 30, 2013
April 30, 2013 By Leave a Comment
The markets in what was an uncharacteristic Monday rose early and held those gains for the day. When the bell range, the S&P 500 (SPX) closed at an all-time high. Three-twenty-nine. I am not referring to a time of day. I am not referring to a date. I am not referring to an address. Nor […]
Keep buying gold, any way you can
April 26, 2013 By 2 Comments
My Gut Feeling for Today, April 11, 2013 ($$)
April 11, 2013 By Leave a Comment
I was right about nearly everything yesterday except that the S&P 500 (SPX) closed at a new high. For that I say, as we would when I lived in Japan, gomenasai, which is, excuse me, in English. Clearly we are out of profit taking mode. The pullback was shallow and caught many people off stride. […]
Gary Smith’s Market Take
March 27, 2013 By Leave a Comment
Here’s my take on the markets today, March 27th, 2013. If you’d like to read more of my articles, click here. Credit gauges are deteriorating today. The FRA-OIS Spread is jumping +4.3% to 25.20 bps(+8.1% in 5 days). The 3M EUR/USD Cross-Currency Basis Swap is falling -5.0% to -21.17 bps(-9.2% in 5 days). The European […]
My Gut Feeling for Today, March 21, 2013
March 21, 2013 By Leave a Comment
Editors Note: this week My Gut Feeling will be unprotected for all to read. Next week this featured commentary will be password protected and accessible only by Wall Street All-Stars Platinum Subscribers. You can subscribe here. Welcome to March Madness which tips off today. The best stock pick for March Madness is always Buffalo […]
My Gut Feeling for Today, January 22, 2013 ($$)
January 22, 2013 By Leave a Comment
There is nothing like a three-day weekend to recharge the batteries just in time for what is certain to be the most frenetic week of earnings season. We will transition from financial company reports to tech company reports with International Business Machines (IBM), Apple (AAPL) and Google (GOOG) headlining the show. The most intense scrutiny […]
10 Things I Will Not Miss About 2012
December 27, 2012 By Leave a Comment
Every year since 2002 I have closed out the year with my satirical look at the world through the eyes of a professional investor poking fun at what has transpired in our global society during the year we are about to turn the page on. You can access a complete list of all prior years’ […]