by Dan Gibby | Dec 20, 2020 | ETF Past Letters
With record deaths from the coronavirus, who would have thought that the Russell 2000 would rally 99% from its March low!? Bitcoin also made new highs, up 200% this year. The U.S. Dollar fell to the lowest levels since April 2018, which helped to boost Gold. Tesla...
by Dan Gibby | Dec 13, 2020 | ETF Past Letters
After making new all-time highs early in the week, the Index ETFs retraced the last three days, taking a much-needed rest. The pullback was inevitable given the bearish extremes in our market internals. But signs of the rampant bullishness marched on, with DoorDash...
by Dan Gibby | Dec 6, 2020 | ETF Past Letters
The bullish party rolls on, with the Index ETFs making new euphoric all-time highs! Even Bitcoin had a party when it made new highs on Tuesday. The markets sure look like they are pricing in perfection in the economic recovery with the vaccine in 2021 and stimulus,...
by Dan Gibby | Nov 29, 2020 | ETF Past Letters
The Index ETFs made all-time highs the prior week, as $80 billion flowed into the markets in the past two weeks. The media brought out their party hats as the Dow crossed 30,000. Markets closed strong and look higher, but our market internals are flashing warning...
by Dan Gibby | Nov 22, 2020 | ETF Past Letters
After the SPY, DIA, and IWM made all-time highs the prior week, The SPY, DIA, and QQQ all retraced, but are still acting resilient. However, bullish sentiment rose (and bearish sentiment fell) on vaccine hope, despite disappointing economic data, increasing...
by Dan Gibby | Nov 15, 2020 | ETF Past Letters
After an incredible rally during election week with the broader markets advancing 7 – 9%, the Index ETFs had a huge gap up Monday after Pfizer announced promising news on a coronavirus vaccine. Despite increasing coronavirus reports and shutdowns around the world,...
