by Dan Gibby | Nov 30, 2025 | ETF Past Letters
Before last week, the SPY was having its worse week since November 2008 on AI bubble fears, diminished outlook for an interest rate cut at the Fed’s next meeting, mixed earnings, uncontrolled deficits, wars, inflation, a slowing job market, immigration crackdown,...
by Dan Gibby | Nov 23, 2025 | ETF Past Letters
Last week we said, “A lot of technical damage has been done this week in short time as a combination of reduced Fed rate cut expectations in December, high AI/tech valuation concerns, the Japanese yen carry unwind and crypto panic explain the price action in recent...
by Dan Gibby | Nov 16, 2025 | ETF Past Letters
The broader markets had a wild ride last week after a large bullish gap on Monday was erased by a massive selloff on Wednesday and Thursday, with a bullish gap reversal on Friday created by the “buy the dip” crowd.For the week, the SPY, QQQ, and DIA had small positive...
by Dan Gibby | Nov 9, 2025 | ETF Past Letters
The Nasdaq had its worst week since the Trump “tariff tantrum” last April. There are many possible reasons for this including technical analysis, short-term bubbles, data from Challenger, Gray & Christmas showing that layoffs spiked in October, and...
by Dan Gibby | Nov 2, 2025 | ETF Past Letters
The SPY, QQQ, and DIA gained 0.5%, 1.9%, and 0.5%, respectively. IWM retraced and was down on the week, showing relative weakness.The new highs in the S&P occurred with the most negative market breadth at an all-time high because of the heavy market cap of...
by Dan Gibby | Oct 26, 2025 | ETF Past Letters
From October 11–17, prices chopped sideways within that massive “down day” near the bottom of the range as investors juggled tariff rhetoric, earnings, a government shutdown (now the second longest on record), wars, etc.To varying degrees, the bearish reversal bar...
