by Dan Gibby | Aug 16, 2018 | ETF Past Letters
6/25: XPH Trade – Bought at $44.46. Original Technical Setup: Following a Bullish 2-Bar 180-Reversal after Breakdown Failure on the weekly chart, had a Bullish Engulfing above 20/50-MA after > 100% Retracement and Breakout, plus the monthly chart...
by Greg Capra | Aug 12, 2018 | ETF Past Letters
While the US broader markets gapped lower Friday morning, by the end of the day most of those broader markets and sectors were little changed on the week. At the moment, it seems that the US markets are impervious to the negative influences affecting these other...
by Dan Gibby | Aug 5, 2018 | ETF Past Letters
The markets continued their crazy gyrations, with the SPY and DIA acting well to negate the bearish retracements after the prior week’s Breakout Failure. The S&P 500 negated that bearish wide range bar by retracing back to the top of it. That strength...
by Dan Gibby | Aug 2, 2018 | ETF Past Letters
TRADE ADJUSTMENT ON XOP: 6/25: XOP Trade – Bought the ETF at $43.11. Original Technical Setup: Bullish Gap Breakout from multi-week consolidation above the 20/50-MA (Moving Average) on the daily chart, with a bullish engulfing bar on the weekly chart, and a...
by Dan Gibby | Jul 29, 2018 | ETF Past Letters
The Dow Industrials and Transports held up the best last week with technology, internet, biotechs, and IWM being the weakest. FAANG stocks — led by Facebook on its earnings — hit the skids closing with a record one-day loss. TWTR and many others also got...
by Greg Capra | Jul 22, 2018 | ETF Past Letters
The Nasdaq 100 (QQQ) made a new all-time high last week. All broader market indices closed neutral to bullish, after negating last Tuesday’s bearish gap down, which was bullish. With earning season upon us, we don’t want to get too aggressive. Although some of our...
