by Dan Gibby | Jan 28, 2024 | ETF Past Letters
The bulls remain in control, with the SPY, QQQ, and DIA booking more gains and closing at or near record highs. Even before the 11/2 FOMC announcement — where Powell discussed the end of rate hikes — the markets have been partying like it’s 1999....
by Dan Gibby | Jan 21, 2024 | ETF Past Letters
The bulls remain in control, with the SPY, QQQ, and DIA closing at record highs. At the beginning of the week, the S&P 500 dropped 1.1% which could have set up an M-Top and deeper retracement; however, it closed up 1.2% for the week. Not even a rise in the...
by Dan Gibby | Jan 14, 2024 | ETF Past Letters
The bulls remain in control. For the week most Index ETFs retraced back to the prior highs, with the S&P 500 up 1.8%, just 0.3% off the record high. With inflation numbers out last Thursday and Friday, traders remain focused on interpreting the Federal...
by Dan Gibby | Jan 7, 2024 | ETF Past Letters
We finally got the start of our anticipated much-needed retracement last week after the broader markets continued their two-month bullish move through the last trading week of 2023. The expected seasonal bullish follow-though the first week of the year didn’t...
by Dan Gibby | Jan 1, 2024 | ETF Past Letters
Last week the broader markets continued their bullish move which started two months ago, booking more gains through the last trading week of 2023. Monday the equity markets are closed for New Year’s Day. Many predictions failed during the year – with...
by Dan Gibby | Dec 24, 2023 | ETF Past Letters
Last week the broader markets continued their bullish move which started two months ago, booking more gains ahead of the long Christmas holiday weekend. Last Wednesday the S&P 500 dropped 1.5%, however, on conflicting news events creating a bearish Wide...
