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...
by Dan Gibby | Jul 5, 2026 | MasterTrader Advisory Letter
Some of last week’s commentsMarket internals remain mixed. Since May, breadth has largely gyrated around the zero line, indicating that most stocks are not participating in any clear trend. At the same time, the sentiment indicators we monitor (particularly put-call...
by Dan Gibby | Jun 28, 2026 | MasterTrader Advisory Letter
Some of last week’s comments, “The positives are clear. Several sectors improved last week, including Financials, Industrials, Materials, Real Estate, and Healthcare. The negatives are also clear. Short-term interest rates moved higher, and that is not supportive of...
by Dan Gibby | Jun 20, 2026 | MasterTrader Advisory Letter
Some of Last week’s comments were:For now, the market is not broken, but it is far from comfortable. Internals have improved, but leadership remains narrow. Interest rates eased late in the week, but the trend is not decisively lower. Crude oil broke support, but it...
by Dan Gibby | Jun 14, 2026 | MasterTrader Advisory Letter
Some of last week’s comments included:“There is likely to be some follow-through from Friday’s significant move lower. The first bounce may not be trustworthy. The first drop may not be the final drop. This is the type of environment where traders who chase every move...
