by Dan Gibby | Jan 21, 2024 | Past Weekly Options Letters
The bulls remain in control, with the SPY, QQQ, and DIA closing at record highs. At the beginning of the week, the S&P 500 dropped 1.1% which could have set up an M-Top and deeper retracement; however, it closed up 1.2% for the week. Not even a rise in the 10-year...
by Dan Gibby | Jan 14, 2024 | Past Weekly Options Letters
The bulls remain in control. For the week most Index ETFs retraced back to the prior highs, with the S&P 500 up 1.8%, just 0.3% off the record high. With inflation numbers out last Thursday and Friday, traders remain focused on interpreting the Federal Reserve’s...
by Dan Gibby | Jan 14, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "Internal market gauges have not reached an extreme, telling us a long bias is warranted — instead, short-term caution with an intermediate-term bullish.The beginning of the week is a tossup to the market direction."...
by Dan Gibby | Jan 14, 2024 | ETF Past Letters
The bulls remain in control. For the week most Index ETFs retraced back to the prior highs, with the S&P 500 up 1.8%, just 0.3% off the record high. With inflation numbers out last Thursday and Friday, traders remain focused on interpreting the Federal...
by Dan Gibby | Jan 7, 2024 | ETF Past Letters
We finally got the start of our anticipated much-needed retracement last week after the broader markets continued their two-month bullish move through the last trading week of 2023. The expected seasonal bullish follow-though the first week of the year didn’t...
