by Dan Gibby | Jul 2, 2023 | ETF Past Letters
Last week we got the continued expected pullback and reversal which set up a robust two-day rally into the end of the week. The bulls remain in control and many longer-term charts look fantastic, which should set up great opportunities for the next pullback....
by Dan Gibby | Jun 25, 2023 | ETF Past Letters
Following the prior week’s huge advances where the S&P 500 was up 2.7% and the NASDAQ 100 3.2%, we cautioned by saying, “however, both are now extended, far from their 20-MAs.” Last week we said, “Enjoy the ride while it lasts.” Now we urge caution on new...
by Dan Gibby | Jun 18, 2023 | ETF Past Letters
The broader markets rejoiced after the Fed paused last week despite the dot plot average rising to 5.63%, signaling another two quarter-point hikes before it is done. In other words, the bulls still think the worse is over, that a severe recession will not...
by Dan Gibby | Jun 11, 2023 | ETF Past Letters
The broader markets measured by the S&P 500 and NASDAQ 100 barely moved last week; however, the stock market has “climbed a wall of worry” and S&P 500 exited a 248-trading-day bear market — its longest since 1948! The S&P 500 is up 12% this year...
by Dan Gibby | Jun 5, 2023 | ETF Past Letters
So far, the “Sell in May and go away” investors are wrong with those bulls leaving many gains on the table. All broader market Index ETFs closed the week with impressive gains on positive economic data and Washington solving the debt ceiling fiasco – at least...
by Dan Gibby | May 29, 2023 | ETF Past Letters
Nividia’s (NVDA) blowout earnings on Wednesday night ignited semiconductor (ETH SMH) and AI-related stocks. NVDA is the first semiconductor stock to join the $1 trillion market cap club. The Nasdaq ended the week up an impressive 2.19% even as the circus in...
