by Dan Gibby | Sep 22, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"In many index charts, volatility is contracting, with highs falling and lows rising. This week may be the apex of this contraction.Without going into a lot of explanation in this sector, I expect that it will go up, but with the...
by Dan Gibby | Sep 15, 2024 | ETF Past Letters
For the week, the broader markets rallied robustly, negating the prior week’s heavy selling, ahead of the expected interest rate cuts this week. The Dow, S&P 500, and Nasdaq rose 2.8%, 4.1%, and 5.9%, respectively. Semis and technology led the way higher. ...
by Dan Gibby | Sep 15, 2024 | Past Weekly Options Letters
For the week, the broader markets rallied robustly, negating the prior week’s heavy selling, ahead of the expected interest rate cuts this week. Two weeks ago, prices went down sharply; this week, they went up sharply. Over the last three weeks, prices have been...
by Dan Gibby | Sep 15, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"We have little reason to believe that the markets will make another miracle reversal or turnaround before testing lower levels.The NASDAQ 100, measured by the ETF symbol QQQ, has its 200-MA between 440 and 445, which seems likely...
by Dan Gibby | Sep 8, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"There was a significant increase in call options on Friday, confirming the bullish expectations for a move higher.In the S&P 500, 5600 continues to be significant support, and a break below that could create a waterfall lower...
