by Greg Capra | Sep 11, 2022 | ETF Past Letters
Last weekend most markets closed with bearish continuation patterns. In fact, there were so many that looked lower, that we were “on guard” that they would not follow through lower – particularly with our breadth indicator being at a bullish extreme. The first sign...
by Dan Gibby | Sep 4, 2022 | ETF Past Letters
Last week we got our desired bearish continuation lower after the majority of stocks and ETFs closed with bearish wide range bars (-WRB) on the prior Friday, suggesting lower prices into the price void below. We said, “There are many patterns in sectors and...
by Dan Gibby | Aug 28, 2022 | ETF Past Letters
Last week we got the consolidation and bounce as expected, waiting for the highly-anticipated Fed Chief’s remarks at Jackson Hole. In a short and hawkish statement, Powell said that the Fed must continue raising interest rates until it is confident inflation is...
by Dan Gibby | Aug 21, 2022 | ETF Past Letters
After a broad-based four-month rally off the lows on the news that inflation was not as bad as expected, the broader markets finally retraced as we were expecting. The Nasdaq was down the most at 2.6%. Oil stocks held up the best despite oil stocks falling...
by Dan Gibby | Aug 14, 2022 | ETF Past Letters
The broader markets continued the rally after a bullish consolidation at resistance on the news that inflation was not as bad as expected. They closed the week up 2-3% near their highs, showing extreme bullish sentiment. A bit of overexcitement with inflation...
by Dan Gibby | Aug 7, 2022 | ETF Past Letters
The broader markets continued the rally that started the prior week after the FOMC announcement. The QQQs were the best, up 2.15% on the week. Friday’s employment data were positive. New jobs were a blowout. The markets had an initial bearish reaction in...
