by Dan Gibby | Apr 16, 2022 | Past Weekly Options Letters
The broader markets closed negative for the second consecutive week, with QQQ and SPY both down over 2%. Surprisingly, the S&P 500 didn’t fall into the void below already, but the 440-level held even better than we thought it would last week. The Bull Sandwich...
by Dan Gibby | Apr 16, 2022 | Master Trader Advisory Letter Past
Last week’s comments included, “The 440 level in the ETF SPY and the 4400 level in the S&P 500 cash index are critical support levels. Below those, prices have the potential to fall freely lower into the Void below. A close above Thursday’s high gives...
by Dan Gibby | Apr 10, 2022 | ETF Past Letters
The broader markets closed negative on the week, with QQQ and IWM the weakest, down about 4%. The Nasdaq is still the most overvalued at 27.5 times earnings, nearly 10 points higher than the 17.7 times of the Dow. IWM is the worse, trading at 38.8 times...
by Dan Gibby | Apr 10, 2022 | Past Weekly Options Letters
The broader markets closed negative on the week, with QQQ and IWM the weakest, down about 4%. The Nasdaq is still the most overvalued at 27.5 times earnings, nearly 10 points higher than the 17.7 times of the Dow. IWM is the worse, trading at 38.8 times earnings...
by Dan Gibby | Apr 10, 2022 | Master Trader Advisory Letter Past
Last week’s comments included, “The sharp drop in Truckers, Rails, Financials, Integrated Shipping & Logistics, Home Builders, and Construction, combined with some yield curves inverting, are warning signs of a recession in the future. This type of...
