by Dan Gibby | Jul 18, 2021 | ETF Past Letters
Selling in the broader markets picked up aggressively on Friday, with the “buy the dip” traders staying sidelined. All Index ETFs closed near their lows. Although Breadth is near a bullish extreme, the majority of stocks and ETFs look lower. The majority of...
by Dan Gibby | Jul 11, 2021 | ETF Past Letters
The markets had a bearish gap down last Thursday on renewed fears of shutdowns from the new Delta variant of the coronavirus as well as crashing yields. Nevertheless, once again, the broader markets shrugged it off and the “buy the dip” mentality kicked in. ...
by Dan Gibby | Jul 4, 2021 | ETF Past Letters
The broader markets rallied robustly with Dow Industrials, SPY, and QQQ closing at all-time highs, despite breadth not budging. This shows that they are moving because of the strength of a few high market cap stocks (e.g., MSFT and AAPL). Facebook (FB) joined...
by Dan Gibby | Jun 27, 2021 | ETF Past Letters
The broader markets rallied robustly with SPY closing at all-time highs, despite the narrow breadth and some deterioration “under the hood” in the markets (e.g., materials, financials, and transports showing relative weakness). The Fed finally signaled an...
by Dan Gibby | Jun 20, 2021 | ETF Past Letters
We have been discussing for some time now that there has been deterioration “under the hood” in the markets. In addition, our internal market gauges gave a sell signal two weeks ago, so we have been “on guard” some type of Breakout Failure or other bearish...
by Dan Gibby | Jun 13, 2021 | ETF Past Letters
Although the broader markets seem poised to make new all-time highs, there has been deterioration “under the hood.” In addition, our internal market gauges have given a sell signal. Intermediate-term interest rates broke under their recent support last week....
