by Dan Gibby | Apr 7, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "The continued strength in Crude Oil, Ag Sector (DBA), and Gold is a concern for renewed inflation, which will make a rate cut a tough sell.A move down to 5,200 would find buyers, but a close there or below would form a...
by Dan Gibby | Apr 7, 2024 | ETF Past Letters
After closing at another all-time high last week (its 22nd record close year to date), the SPY closed with a nasty bearish Wide Range Bar (-WRB) reversal last Thursday on Fed talk. Friday was an inside day as expected, setting up numerous -123 Continuation...
by Dan Gibby | Apr 7, 2024 | Past Weekly Options Letters
After closing at another all-time high last week (its 22nd record close year to date), the SPY closed with a nasty bearish Wide Range Bar (-WRB) reversal last Thursday on Fed talk. Friday was an inside day as expected, setting up numerous -123 Continuation Breakdown...
by Dan Gibby | Mar 31, 2024 | Past Weekly Options Letters
The market had a great start to 2024. The SPY closed at another all-time high, its 22nd record close year to date, the most in a first quarter since 1998. Even recent comments from Fed Governor Christopher Waller stressing the need for sustained improvement in...
by Dan Gibby | Mar 31, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "A significant amount of put buying (bearish options bets) occurred into the close on Friday. That could be institutions hedging their long positions.If there is no economic unrest early in the week, those bearish bets could...
