by Dan Gibby | Oct 6, 2024 | ETF Past Letters
For the week, the broader markets drifted lower until the bullish gap and moved up on Friday after the positive employment data. The Dow closed at all-time highs, IWM was the weakest (avoid), and the SPY and QQQ closed relatively flat, and are in small trading...
by Dan Gibby | Sep 29, 2024 | ETF Past Letters
For the week, the broader markets rallied robustly, with the Dow and S&P 500 closing at all-time highs. The New China stimulus caused those stocks and ETFs to rock, where we will be looking to buy pullbacks. Materials stood out; it was the best performer...
by Dan Gibby | Sep 22, 2024 | ETF Past Letters
The Fed finally cut rates (by an aggressive half point) last Wednesday to start the first easing campaign in four years, claiming that inflation was moderating and the labor market was weakening. Powell emphasized that the move was aimed to prevent a downturn...
by Dan Gibby | Sep 15, 2024 | ETF Past Letters
For the week, the broader markets rallied robustly, negating the prior week’s heavy selling, ahead of the expected interest rate cuts this week. The Dow, S&P 500, and Nasdaq rose 2.8%, 4.1%, and 5.9%, respectively. Semis and technology led the way higher. ...
by Dan Gibby | Sep 8, 2024 | ETF Past Letters
For the week, the broader markets suffered heavy selling, the worst weekly loss for the year. The Dow, S&P 500, and Nasdaq fell 2.9%, 4.2%, and 5.8%, respectively. Semis led the way lower. What a difference one week can make after closing bullish the prior...
by Dan Gibby | Sep 1, 2024 | ETF Past Letters
For the week, the broader markets consolidated or were up slightly, with the DIA closing at all-time highs. After the huge preceding move, that is bullish price action. Tech behemoth NVDA reported earnings last Wednesday. It didn’t beat the whisper-high...
