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My Gut Feeling for Today December 3, 2013

The markets followed the script I wrote yesterday, opening a bit higher and then sellers made their presence known, leading a mild bout of profit taking for the session. Interestingly, despite a slightly negative tape, transports rose and midcaps were flat for the session. The real damage was done to the small cap indexes such […]

My Gut Feeling for Today October 3, 2013

crystalball

The S&P 500 (SPX) was barely changed by yesterday’s closing bell. As Richard Gobel and I thought, the risk-on indexes – S&P Smallcap 600 (SML), S&P Midcap 400 (MID), and Russell 2000 (RUT) underperformed and might do so again in the short run. As for today, I expect a weak morning to be met by […]

My Gut Feeling for Today October 1, 2013

Well I woke up today as the garbage was being collected to learn that the world did not stop revolving on its axis because of a government shutdown in Washington. Index futures were rising and gold futures were getting drubbed. All was well in the world. The normal world, that is to say; the world […]

My Gut Feeling for Today, March 1, 2013 ($$)

While we drifted from green to slightly in the red yesterday, the markets ended the month of February in the plus column overall. The S&P 500 (SPX) rose 1.11% for the month. Recall, as I have written in the past, either here or on other venues that February is the second worse month of the […]

My Gut Feeling for Today, February 25, 2013 ($$)

crystalball

Did you hunker down this weekend worrying over the Italian parliamentary elections? Apparently the bears sent out a memo to that effect. Unfortunately for them, their emails we were caught as spam. Maybe we should have been petrified about the Moody’s downgrade of United Kingdom?  However, I spoke to some Frenchmen over the weekend and […]

My Gut Feeling for Today, November 28, 2012 ($)

crystalball

Some positive economic data points and a well received $5 billion takeover of Ralcorp (RAH) by Conagra (CAG) kept the market in check for most of the day. Some afternoon comments by Senate Majority leader Harry Reid about the fiscal cliff negotiations put a damper into the market. Yet, when the dust cleared, the Dow […]

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