by Dan Gibby | Jun 12, 2022 | ETF Past Letters
The broader markets closed at the lows with relentless selling starting Thursday afternoon, breaking down from the recent trading range. Treasury yields and oil rose. Friday the selling continued unabated on the worse inflation numbers, which are at 40-year...
by Dan Gibby | Jun 11, 2022 | Master Trader Advisory Letter Past
Some of last week’s comments included, “A short-term bearish event could work out to be bullish intermediate-term. That would be a decline this week to retest last month’s low. If that occurred, you would need to see a strong reversal in that...
by Dan Gibby | Jun 5, 2022 | Mastertrader Market Results
The bearish reversals last Friday into Thursday’s bullish close leave our market bias in an uncertain state. Over the highs, short-term bullish; under the lows, short-term bearish. Because of the many bullish stock and option trade setups this week —...
by Dan Gibby | Jun 5, 2022 | Past Weekly Options Letters
The broader markets closed mostly lower, chopping around in a wacky trading range. Treasury yields and oil rose. QQQ, SPY, and DIA were down about 1% on the week. The S&P 500 is down 12.76% for the first five months of 2022. The movements were back and forth in...
by Dan Gibby | Jun 5, 2022 | Master Trader Advisory Letter Past
Some of last week’s comments included, “The internal breadth gauge is deep into an extreme, but that is what we want to see at a turn. It signals broad-based buying. The sentiment internal is not at an extreme, but it’s likely to get there next week. With...
