by Dan Gibby | Feb 13, 2022 | ETF Past Letters
Following a bearish island reversal gap down on Thursday, the broader markets and most sectors (other than oil ETFs, gold, and interest rates TBT) closed with bearish Wide Range Bars (-WRBs), suggesting lower prices. The obvious fears are tightening monetary...
by Dan Gibby | Feb 6, 2022 | ETF Past Letters
The broader markets and most sectors advanced last week as predicted and stopped near their targeted areas. Friday had a positive earnings report which caused interest rates to spike. A better labor market is translating into higher interest rates. Gold acted...
by Dan Gibby | Jan 30, 2022 | ETF Past Letters
Equity markets closed at their highs after extremely volatile intra-day whiplash within last Monday’s wide range reversal bar. With bullish market internals, this is the type of bottoming action we were looking for as it created support. The same fears...
by Dan Gibby | Jan 23, 2022 | ETF Past Letters
Equity markets had their worse week in months, closing at the lows, and looking lower. The S&P was down 5.7%, Dow industrials lost 4.6%, and Nasdaq 7.6%. The intra-day reversals were rare. Both Thursday and Friday the Nasdaq was up 1-2% in the day but then closed...
by Dan Gibby | Jan 16, 2022 | ETF Past Letters
Yields rose last week to the prior March highs, driving bonds and equity markets lower as the markets are forecasting to higher expected interest rates – three or possibly even four this year. Breadth is still poor with many stocks in bearish downtrends – even...
by Dan Gibby | Jan 9, 2022 | ETF Past Letters
Yields rose last week to the prior March highs, driving bonds and equity markets lower as the markets are adapting to higher expected interest rates – three or possibly even four this year. But that is still way below average, as many – including us – say the...
