by Dan Gibby | Mar 1, 2020 | ETF Past Letters
Last weekend we said that our bias for the week was to short bounces. Wow was that bias accurate; however, it was a free fall and we didn’t get those bounces to short for swing trading (although many day trade shorts given in our Green Trading Room). Extreme fear...
by Dan Gibby | Feb 23, 2020 | ETF Past Letters
Last week we said, “Despite the ongoing fears of the coronavirus spreading and adverse effect on China’s GDP, financial markets seem immune. Irrational optimism, perhaps?” Last week the S&P 500 dropped over 1%. Gold and yields rose reflecting fears that the...
by Dan Gibby | Feb 17, 2020 | ETF Past Letters
Despite the ongoing fears of the coronavirus spreading and adverse effect on China’s GDP, financial markets seem immune. Irrational optimism, perhaps? Stocks and bonds continued to rise, with the 10-year Treasury under 1.6%. Last Thursday, the Treasury auctioned...
by Dan Gibby | Feb 9, 2020 | ETF Past Letters
Despite many negative headlines, the S&P 500 and Dow both rose about 3% on the week, and the Nasdaq 4%, their biggest gains in months. Investors’ risk appetites are high as reflected in high flying mania stocks and demand for speculative debt. Oil prices have...
by Dan Gibby | Feb 2, 2020 | ETF Past Letters
Last week we said, “The markets are short-term overbought with bearish sentiment and deteriorating breadth. The put call ratio is showing too much euphoria, which is a big warning sign to us.” We warned in last week’s letter not to get complacent. That was great...
by Greg Capra | Jan 26, 2020 | ETF Past Letters
Last week we said, “The markets are still in uptrends on the daily, weekly, and monthly charts but are short-term overbought with bearish sentiment and deteriorating breadth. The put call ratio is showing too much euphoria, which is a big warning sign to us.” We...
