by Dan Gibby | Oct 23, 2022 | ETF Past Letters
In the Green Room on Friday, we said that we were bullish if the SPY could close over Thursday’s Topping Tail. It did. DIA and QQQ did also. IWM didn’t but at least closed with a bullish engulfing bar and over the prior closing price which is bullish. Part of...
by Dan Gibby | Oct 16, 2022 | ETF Past Letters
Candidly, we were shocked by the amazing reversal of the bearish gap last Thursday — caused by the 40-year high negative CPI inflation data – as most markets closed with bullish Wide Range Bars (+WRB). The translation of the negative CPI was that more...
by Dan Gibby | Oct 9, 2022 | ETF Past Letters
September proved its reputation of being the most bearish month with the S&P 500 down about 9%. Octobers are typically weak but often set up tradable short-term bottoms, particularly if there has been heavy selling prior. The weakness continued last week with...
by Dan Gibby | Oct 2, 2022 | ETF Past Letters
Although we are in a bear market (and recession), last week we were expecting a bullish reversal and tradable bounce into the void left by the prior week’s selloff. Each failed. On Wednesday the Index ETFs closed with bullish reversal bars. Over the high...
by Dan Gibby | Sep 25, 2022 | ETF Past Letters
Last week we said, “There is nothing positive about the market.” Wow, you can say that again! The bulls who were hoping for less hawkish language at last Wednesday’s FOMC interest rate announcement were sorely disappointed. The markets continued their slide...
by Greg Capra | Sep 18, 2022 | ETF Past Letters
The week before last the markets continued their bullish rise after failed bearish continuation patterns. That came to an abrupt end last Tuesday with the horrible CPI numbers, confirming that inflation is high and entrenched. Core CPI rose twice the...
