by Dan Gibby | Dec 18, 2023 | ETF Past Letters
The broader markets confidently rallied into the FOMC two-day meeting last week where no change in the current federal-funds target range of 5.25%-5.50% was expected. Then the announcement came at 2 ET on Wednesday and the hint of looser monetary policy sent...
by Dan Gibby | Dec 10, 2023 | ETF Past Letters
The broader markets remained relatively flat last week, which is bullish consolidation considering the refusal to retrace in a meaningful way as we were hoping. The SPY has moved less than 1% in either direction for the past 16 days, and volatility (VIX) closed...
by Dan Gibby | Dec 3, 2023 | ETF Past Letters
The broader markets remained bullish last week, consolidating strong, ignoring bearish candlesticks, and refusing to retrace as we were hoping. With the robust rally off the low, stocks, high-yield debt, and precious metals had their best month in more than a...
by Dan Gibby | Nov 26, 2023 | ETF Past Letters
The broader markets remained bullish during the holiday-shortened week, up around 1%, which was also helped by yields and the US Dollar drifting lower. However, our market internals are at bearish extremes suggesting a needed retracement. Since 1950, the...
by Dan Gibby | Nov 19, 2023 | ETF Past Letters
After an explosive gap last Tuesday on favorable inflation data, the broader markets chopped sideways last week into the week’s end, which is extremely bullish because of the shallow retracement. Like prior weeks, however, the Russell 2000 (IWM) continues to...
by Dan Gibby | Nov 12, 2023 | ETF Past Letters
Other than the Russell 2000 (IWM), the broader markets (QQQ, SPY, and DIA) surprisingly continued their strength from the impressive rally the prior week leading into the FOMC meeting and closing at the week’s high. The impact of lower yields continued to power...
