by Dan Gibby | Jul 14, 2024 | Past Weekly Options Letters
The four major Index ETFs rocked last week on softer CPI data. The SPY and QQQ again closed at new all-time highs despite the bearish reversals on Thursday. But the most recognizable event was the massive sector rotation which drove the IWM up 6% on the week! On...
by Dan Gibby | Jul 7, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,This week, we have the Fourth of July holiday on Thursday, and equity markets close early on Wednesday at 1 ET. It's also the beginning of the month. Both of those historically result in bullish price action.There will be a lot of...
by Dan Gibby | Jul 7, 2024 | ETF Past Letters
Last week, we mentioned that the Fourth of July holiday, and the beginning of the month, historically results in bullish price action. We got that – although on very narrow breadth — with the Index ETFs SPY and QQQ again closing at new all-time highs. DIA...
by Dan Gibby | Jul 7, 2024 | Past Weekly Options Letters
Last week, we mentioned that the Fourth of July holiday, and the beginning of the month, historically results in bullish price action. We got that – although on very narrow breadth — with the Index ETFs SPY and QQQ again closing at new all-time highs. DIA was up...
by Dan Gibby | Jun 30, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"The reversal in the leading semiconductors last week may be a foretelling of the start of a well-needed correction.The breadth internal gauge is below zero and continues to signal the underlying relative market weakness."...
