by Dan Gibby | Oct 10, 2021 | ETF Past Letters
The broader markets had wild moves last week and mostly closed positive after Thursday’s huge gap up. With 10-year yields closing at 1.61%, the tech-heavy Nasdaq has underperformed, down 7.7% from its Sep. high. Valuations are not cheap, and rising yields will...
by Dan Gibby | Oct 3, 2021 | ETF Past Letters
But for an afternoon rally last Friday, the broader markets and stocks fell sharply last week, continuing the slide from the prior week. SPY, DIA & QQQ closed below their 50-MA, with the S&P 500 down 4.65% for the month. The Nasdaq dropped 3.2% as...
by Dan Gibby | Sep 26, 2021 | ETF Past Letters
In the prior week we said, “The S&P 500 and Dow-30 closed below its 50-MA with a bearish Wide Range Bar (-WRB). Apple (AAPL) did the same after its release of new products.” We expected lower prices but wow – not the massive gap down on Monday! The...
by Dan Gibby | Sep 20, 2021 | ETF Past Letters
The selling that started last week mostly continued, with very volatile day-to-day changes. The S&P 500 and Dow-30 closed below its 50-MA with a bearish Wide Range Bar (-WRB). Apple (AAPL) did the same after its release of new products. Covid...
by Dan Gibby | Sep 12, 2021 | ETF Past Letters
Last week we said, “It was a relatively quiet week, with last week’s underperformers moving up a bit and the prior week’s performers flat to giving back a bit. Regardless of the many potentially bearish things that could concern traders and investors, Wall...
by Dan Gibby | Sep 5, 2021 | ETF Past Letters
It was a relatively quiet week, with last week’s underperformers moving up a bit and the prior week’s performers flat to giving back a bit. Regardless of the many potentially bearish things that could concern traders and investors, Wall Street is still not...
