by Dan Gibby | Aug 20, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges have not reached a bullish extreme yet but could get there sometime next week.Early in the week, the direction of interest rates (5, 10, and 30 years) and the U.S. Dollar will likely move the...
by Dan Gibby | Aug 20, 2023 | Past Weekly Options 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 market...
by Dan Gibby | Aug 13, 2023 | Past Weekly Options Letters
6 for 6 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below, bringing the 5-week total to 47 for 48. Although the broader markets ended the week flat to down less than 1%, institutions began selling some of the...
by Dan Gibby | Aug 13, 2023 | ETF Past Letters
Although the broader markets ended the week flat to down less than 1%, institutions began selling some of the leaders (e.g., MSFT, AAPL, and NVDA). The tech-heavy Nasdaq dropped 1.9% and is now down almost 5% so far this month. XLK (technology) and SMH (semis)...
by Dan Gibby | Aug 13, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges are not aligned bullish, so bulls have no help.Sentiment isn't near a bullish level, and it will take more pain to get it there.In the S&P 500, $4,400 is strong support, and the rising 50-MA...
