by Dan Gibby | Jul 14, 2024 | ETF Past Letters
The four major Index ETFs rocked last week on softer CPI data. The SPY and QQQ again closed at new all-time highs despite the bearish reversals on Thursday. But the most recognizable event was the massive sector rotation which drove the IWM up 6% on the week! ...
by Dan Gibby | Jul 7, 2024 | ETF Past Letters
Last week, we mentioned that the Fourth of July holiday, and the beginning of the month, historically results in bullish price action. We got that – although on very narrow breadth — with the Index ETFs SPY and QQQ again closing at new all-time highs. DIA...
by Dan Gibby | Jun 30, 2024 | ETF Past Letters
Index ETFs SPY, DIA, and QQQ were down marginally last week. The IWM had a small gain on a daily breakout. The FAANGs had a great week and AMZN joined the $2 trillion market cap club. FDX rocked; WBA and NKE tanked, all on earnings. With Biden’s poor...
by Dan Gibby | Jun 23, 2024 | ETF Past Letters
The Index ETFs were up marginally last week; however, the bigger shock was the bearish reversal in NVDA which dragged down AI-related and tech stocks. We cautioned last week about the prior week, “Breadth was horrible with SPY and QQQ at all-time highs. ...
by Dan Gibby | Jun 16, 2024 | ETF Past Letters
SPY and QQQ continued their strength, closing at all-time highs, powered by AI-related and tech stocks. The S&P 500 was up 1.6% for the week while the Nasdaq rose 3.2%. Better-than-expected inflation readings for the CPI and PPI have pushed Treasury yields...
by Dan Gibby | Jun 9, 2024 | ETF Past Letters
The broader markets were mixed last week with the decline in Treasury yields from the beginning of the week. SPY and QQQ remained strong, closing at all-time highs. The DIA attempted to bounce and closed the week relatively flat. IWM was the weakest and looks...
