by Dan Gibby | Jun 30, 2024 | Past Weekly Options Letters
Index ETFs SPY, DIA, and QQQ were down marginally last week. The IWM had a small gain on a daily breakout. The FAANGs had a great week and AMZN joined the $2 trillion market cap club. FDX rocked; WBA and NKE tanked, all on earnings. With Biden’s poor performance at...
by Dan Gibby | Jun 30, 2024 | ETF Past Letters
Index ETFs SPY, DIA, and QQQ were down marginally last week. The IWM had a small gain on a daily breakout. The FAANGs had a great week and AMZN joined the $2 trillion market cap club. FDX rocked; WBA and NKE tanked, all on earnings. With Biden’s poor...
by Dan Gibby | Jun 23, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"With the S&P 500 and NASDAQ 100 making new all-time highs, the breadth is terrible, which tells us that "Under the hood" is unhealthy.There will be the typical economic reports next week that are unlikely to move the markets...
by Dan Gibby | Jun 23, 2024 | Past Weekly Options Letters
12 for 12 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. The Index ETFs were up marginally last week; however, the bigger shock was the bearish reversal in NVDA which dragged down AI-related and tech stocks. We...
by Dan Gibby | Jun 23, 2024 | ETF Past Letters
The Index ETFs were up marginally last week; however, the bigger shock was the bearish reversal in NVDA which dragged down AI-related and tech stocks. We cautioned last week about the prior week, “Breadth was horrible with SPY and QQQ at all-time highs. ...
