by Dan Gibby | Aug 16, 2026 | MasterTrader Advisory Letter
Bullish Consolidation—With a Rate ProblemAfter finally breaking out of its three-month trading range, the market spent last week doing something far less exciting—but potentially constructive.It went sideways.The major averages chopped back and forth with overlapping...
by Dan Gibby | Aug 9, 2026 | MasterTrader Advisory Letter
The Drought Is Over - MaybeThe advance from the April low was significant enough that one of two things was likely: a prolonged sideways consolidation or a deeper price correction. The market ultimately gave us some of both.Using the S&P 500 as the benchmark,...
by Dan Gibby | Aug 2, 2026 | MasterTrader Advisory Letter
A Market of Extremes—But Not a Broad-Market BreakdownThe stock market has delivered some extraordinary moves over the past several months—but the major averages tell only part of the story.Beneath the surface, several of the groups that led the advance from the April...
by Dan Gibby | Jul 26, 2026 | MasterTrader Advisory Letter
The markets have been correcting for roughly two and a half months. However, this has not been a traditional correction in which the major averages develop a sustained decline. It has primarily been a correction through time - a wide, erratic trading range in which...
by Dan Gibby | Jul 19, 2026 | MasterTrader Advisory Letter
A Correction Beneath the Surface—Not a Broad Market BreakdownThe markets remained in correction mode last week, but the correction was more significant beneath the surface than it has been in the major averages.Depending on the sector, the corrective process began in...
by Dan Gibby | Jul 12, 2026 | MasterTrader Advisory Letter
A Market Walking on EggshellsMany markets beneath the headline indexes have been trapped in trading ranges since sometime in May.Geopolitical news surrounding the war between the United States and Iran has added another layer of uncertainty, producing abrupt and...
