by Dan Gibby | Nov 25, 2018 | Past Weekly Options Letters
The majority of monthly trends are either up or sideways and the Yield Curve is still well above the bearish inversion point which would signal a recession and subsequent bear market. For that reason, we still have a long-term bullish bias. With the majority of weekly...
by Dan Gibby | Nov 25, 2018 | Master Trader Advisory Letter Past
In last Monday’s letter, I said that Thursday’s buying frenzy wasn’t as enthusiastic on Friday. I was hopeful that the markets could follow through higher — but that was a concern. I also said that if prices cannot, “the Thanksgiving turkey just might be...
by Dan Gibby | Nov 18, 2018 | Past Weekly Options Letters
Below is a daily chart of Technology Select Sector SPDR ETF (XLK). Trade: Over $68.53, consider shorting Nov (11/23) $67 naked puts (5 DTE) for a limit of $.30/share (closed at $.35/share mid-point). Technical Setup: Bullish engulfing...
by Dan Gibby | Nov 18, 2018 | Master Trader Advisory Letter Past
In last Monday’s letter, the most desirable scenario given was a retracement lower that would make a higher low retest of the October low. So far, that is exactly what happened. I say “so far” because this market has continued to be “Mr....
by Dan Gibby | Nov 18, 2018 | ETF Past Letters
We still have conflicting time frames which means that we are not expecting a huge run from here (provided last week’s bullish reversal follows through). We have two new bullish recommendations based on the daily charts. Going into the shortened holiday week...
