by Dan Gibby | Jun 25, 2023 | Past Weekly Options Letters
Following the prior week’s huge advances where the S&P 500 was up 2.7% and the NASDAQ 100 3.2%, we cautioned by saying, “however, both are now extended, far from their 20-MAs.” Last week we said, “Enjoy the ride while it lasts.” Now we urge caution on new longs...
by Dan Gibby | Jun 25, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The strongest sectors are up against price resistance, and those strong stocks that have pulled the markets higher are extended by any measure.Multiple indices have formed bullish Wide Range Bars (+WRB) on the daily and...
by Dan Gibby | Jun 18, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "There is a significant Open Interest at the 4300 strikes, which is why the S&P 500 has been stuck there.Prices could rally if prices could stay above 4300 for an hour or so early in the week. Conversely, the closer...
by Dan Gibby | Jun 18, 2023 | Past Weekly Options Letters
Master Trader’s three Advisory Letters booked great gains last week! 21 for 22 closing GAINS (including breakeven) on last week’s stock and option trades in the Advisory Swing and Options Trader. 12 for 12 closing GAINS (including breakeven) on last week’s short...
by Dan Gibby | Jun 18, 2023 | ETF Past Letters
The broader markets rejoiced after the Fed paused last week despite the dot plot average rising to 5.63%, signaling another two quarter-point hikes before it is done. In other words, the bulls still think the worse is over, that a severe recession will not...
