by Dan Gibby | Mar 26, 2023 | Past Weekly Options Letters
The erratic day-to-day trading continued last week. Most markets were down on the week following the Fed’s two-day meeting and anticipated .25% rate hike in the Fed Funds rate and more banking turmoil. During Powell’s interview on Wednesday, the markets collapsed,...
by Dan Gibby | Mar 19, 2023 | ETF Past Letters
During the financial meltdown in various regional banks, large technology stocks – and semiconductor stocks in particular, and cryptocurrencies surged, while bank ETFs (XLF, KRE) and insurance stocks (KIE) tanked. The Nasdaq Composite gained 4.4%, in its best week...
by Dan Gibby | Mar 19, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal sentiment gauge is not at an extreme yet, which supports lower prices.In the S&P 500, a test of 3800 seems inevitable. Based on the size of the bearish reversal bar on the weekly S&P 500, at or below...
by Dan Gibby | Mar 19, 2023 | Past Weekly Options Letters
During the financial meltdown in various regional banks, large technology stocks – and semiconductor stocks in particular, and cryptocurrencies surged, while bank ETFs (XLF, KRE) and insurance stocks (KIE) tanked. The Nasdaq Composite gained 4.4%, in its best week...
by Dan Gibby | Mar 12, 2023 | Past Weekly Options Letters
The broader market index ETFs closed a bearish week near the lows with many news events fueling the selloff. It started Tuesday with Fed Chairman Powell’s congressional testimony on the economy and monetary policy, Friday’s release of February’s solid jobs numbers,...
