by Dan Gibby | Aug 18, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"On Monday, the internal market gauges reached a bullish extreme when the broader markets gapped significantly lower.The broader market's ability to hold onto its gain on Friday shows confidence that the markets can move higher in...
by Dan Gibby | Aug 11, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Based on last week’s breakdown, the S&P 500 will likely move toward 5200 once 5300 is close below but with attempts to move higher in the short term.The unfilled gap above Friday’s high in the $540 area of SPY will be...
by Dan Gibby | Aug 11, 2024 | ETF Past Letters
Last week was a whiplash ride for traders who woke up Monday with a nasty gap following Japan’s 12.4% collapse. Fear rose on disappointing U.S. economic data and a rising Japanese yen, creating losses with the yen carry trade. On Monday, the SPY was down 3%,...
by Dan Gibby | Aug 11, 2024 | Past Weekly Options Letters
We booked 18 for 19 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. Last week was a whiplash ride for traders who woke up Monday with a nasty gap following Japan’s 12.4% collapse. Fear rose on disappointing U.S....
by Dan Gibby | Aug 4, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,The sell signal the internal market gauges given two weeks ago was remarkably accurate, marking the top with precision this time.The internal market gauges have not reached a bullish extreme yet, which should occur before we see a...
