by Dan Gibby | Sep 3, 2023 | Past Weekly Options 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 showed...
by Dan Gibby | Aug 27, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The weekly trends are bullish, and that needs to stay intact.For this week, buyers need to lift prices of the S&P 500 close to the 50-MA to support a bias of a solid September low not far from current prices." Continue...
by Dan Gibby | Aug 27, 2023 | ETF Past Letters
The SPY, QQQ, and IWM finished the week marginally positive, up less than 1%. The DIA showed relative weakness, closing slightly down. Last Thursday, Nvidia (NVDA) issued a blow-out earnings report and had a huge gap up, bringing the broader markets with it in...
by Dan Gibby | Aug 27, 2023 | Past Weekly Options Letters
The SPY, QQQ, and IWM finished the week marginally positive, up less than 1%. The DIA showed relative weakness, closing slightly down. Last Thursday, Nvidia (NVDA) issued a blow-out earnings report and had a huge gap up, bringing the broader markets with it in...
by Dan Gibby | Aug 20, 2023 | ETF Past Letters
We had a bearish bias ever since the market gap down on 8/2 on the U.S. debt downgrade, shortly after our market internals flashed a bearish signal for “caution for longs.” The broader markets were all down on the week. On Thursday, we mentioned that our...
