by Dan Gibby | Apr 21, 2024 | ETF Past Letters
All broader markets and S&P sectors (except for energy) were down last week on inflation worries, rising yields, more hawkish Fed speak, and geopolitical uncertainty. We said last week, “The S&P 500 now has a rounding top or a Head & Shoulders Top. ...
by Dan Gibby | Apr 14, 2024 | ETF Past Letters
All broader markets and S&P sectors (except for energy) were down last week on Inflation worries (rising CPI) and geopolitical uncertainty. The S&P 500 now has a rounding top or a Head & Shoulders Top. There’s no reason to think markets...
by Dan Gibby | Apr 7, 2024 | ETF Past Letters
After closing at another all-time high last week (its 22nd record close year to date), the SPY closed with a nasty bearish Wide Range Bar (-WRB) reversal last Thursday on Fed talk. Friday was an inside day as expected, setting up numerous -123 Continuation...
by Dan Gibby | Mar 30, 2024 | ETF Past Letters
The market had a great start to 2024. The SPY closed at another all-time high, its 22nd record close year to date, the most in a first quarter since 1998. Even recent comments from Fed Governor Christopher Waller stressing the need for sustained improvement in...
by Dan Gibby | Mar 24, 2024 | ETF Past Letters
Based on the previous inflation data reported the week before and the charts we reviewed last weekend showing the rising Oil, Agriculture, and commodities, everyone knew the Fed would not lower interest rates. The big question was, what would the Fed Chairman...
by Dan Gibby | Mar 17, 2024 | ETF Past Letters
We have been saying recently, “The stock market just doesn’t want to go down, despite many things thrown at it like the ongoing inflation challenge, wars, etc.” Nothing has been able to kill this bull market with the “soft landing” scenario, although some clear...
