by Dan Gibby | Aug 29, 2018 | ETF Past Letters
Below is a monthly/weekly chart of iShares US Aerospace & Defense ETF (ITA). 8/29: New Trade Idea: Consider buying the ETF around current prices of $208.84. Technical Setup: Breakout from higher range bullish consolidation above r20-MA after...
by Dan Gibby | Aug 28, 2018 | Past Weekly Options Letters
NEW TRADE IDEA: New Master Trader Bear Call Credit Spread on VMW based on price action below. 8/28: VMW – Consider shorting Sep (9/7) $152.5/155 bear call credit spread around current mid-point of $.45/share. Bearish breakdown after upside shakeout, relative...
by Dan Gibby | Aug 26, 2018 | ETF Past Letters
After Fed Chief Powell confirmed his view on a policy of gradual rate increases pre-market last Friday, most broader markets closed at new highs. We continue to maintain our bullish bias. Our open trades are doing great, and we have two new ones now. Dow Jones...
by Dan Gibby | Aug 26, 2018 | Past Weekly Options Letters
Below is a daily chart of United Continental Holdings, Inc. (UAL). Trade: Over $85.52, consider shorting Aug (8/31) $84/81 bull put credit spread (5 DTE) for mid-point but limit of $.35/share (closed at $.43/share). Technical Setup: Master Trader Buy Set...
by Dan Gibby | Aug 26, 2018 | Master Trader Advisory Letter Past
I’ve been anticipating new all-time highs in the S&P 500 for weeks now and we finally got it last week. Now, can the Dow Jones Industrial Average do it too? The Russell 2000, the Software sector ETF, the Telecom ETF, the Retail ETF, the Technology ETF, and the...
