by Dan Gibby | Jan 15, 2023 | ETF Past Letters
Last week we had a full bullish bias based on the bullish Wide Range Bar (+WRB) Breakout close on Jan 6th. That bias played out and we were aggressive with bullish trade recommendations. The S&P 500 finished up 2.7% last week after CPI came in lower than...
by Dan Gibby | Jan 8, 2023 | ETF Past Letters
Last week we said, “It was unfortunately a choppy up-and-down week, leaving us with a long bias over the week’s high and a bearish bias under Wednesday’s low.” The chop continued until the 10 ET reversal on Friday — on the heels of the employment...
by Dan Gibby | Jan 2, 2023 | ETF Past Letters
The broader markets closed the week relatively unchanged (small losses) on lighter volume on the last trading week of the year. Last week we said, “There was no Santa Claus Rally; however, with bullish internals and bullish close, will we get a year-end rally?”...
by Dan Gibby | Dec 25, 2022 | ETF Past Letters
The broader markets closed the week relatively unchanged on the pre-Christmas lighter volume week as there was conflicting economic data (which, of course, the Fed has to consider in fighting inflation). There was no Santa Claus Rally; however, with bullish...
by Dan Gibby | Dec 18, 2022 | ETF Past Letters
The broader markets closed the week with losses after the Fed’s last interest-rate announcement of the year, where the expected 50-basis point increase was announced, and hawkish comments about future policy. Last week we said that the prior week’s “bearish...
by Dan Gibby | Dec 11, 2022 | ETF Past Letters
The broader markets closed at the lows on Friday after Friday’s higher-than-expected PPI. The Nasdaq was down the most at -4%. There were so many bullish patterns the week before last that there was no reason to have a bearish bias. However, you were provided...
