by Dan Gibby | Sep 10, 2023 | ETF Past Letters
The S&P 500, NASDAQ 100, and the Dow retraced mildly. The Transports, however, fell almost 4% and below the recent support area. The Russell 2000 also lost nearly 4% but held at its current support and 200-MA. None of those movements changed the existing...
by Dan Gibby | Sep 10, 2023 | Past Weekly Options Letters
Considering the previous week ended at resistance, the misalignment of weekly and daily trends, internal market gauges, and the shortened week on low volume, our expectation of a “touch and go” week was correct. The S&P 500, NASDAQ 100, and the Dow...
by Dan Gibby | Sep 10, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "Last week's price action shifted a short-term bearish outlook to a neutral one.Many sectors are into their respective price resistance areas, misaligning weekly and daily trends, and Friday's reversal bar at the beginning...
by Dan Gibby | Sep 3, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The first bias is lower after Thursday's significant bearish turn, but it's not a "no-brainer" view. Here's why.In the strongest sectors, the weekly time frames are up.The internal market gauges turned bullish at the end of...
by Dan Gibby | Sep 3, 2023 | ETF Past Letters
The broader markets had a robust rally last week as our market internals gave us a bullish signal and favorable economic data released. The SPY was up 2.5% while the QQQ gained an impressive 3.25% with the strength in the Magnificent Seven. Friday’s job report...
