by Dan Gibby | Dec 29, 2024 | ETF Past Letters
Starting the week, there was buying that advanced prices toward resistance; markets closed for the holiday, and trading resumed on Thursday and Friday. The prices were at their respective resistance areas, where buyers had gotten caught by the downdraft caused...
by Dan Gibby | Dec 22, 2024 | ETF Past Letters
Last week we said, “Other than technology and the Magnificent Seven, most stocks sold off starting about two weeks ago when our market internals flashed a bearish signal. . . . But as you can see with the bad breadth and many weak sectors, perhaps the...
by Dan Gibby | Dec 15, 2024 | ETF Past Letters
The Nasdaq rocked last week with the strength in the MAGS ETF, both closing at all-time highs, while other markets retraced. Other than technology and the Magnificent Seven, most stocks sold off starting about two weeks ago when our market internals flashed a...
by Dan Gibby | Dec 9, 2024 | ETF Past Letters
Last month, U.S. stocks had their biggest monthly gains this year, with the S&P 500, Russell 2000, and Dow closing at record highs. The Nasdaq rocked last week with the strength in the MAGS, closing at all-time highs along with the SPY. Traders are...
by Dan Gibby | Dec 1, 2024 | ETF Past Letters
Last month, U.S. stocks had their biggest monthly gains this year, with the S&P 500, Russell 2000, and Dow closing at record highs. Overall, the S&P 500 was up 5.7%, the Nasdaq was up 6.2%, the Dow was up 7.5%, and the Russell 2000 was up 10.8%! After...
by Dan Gibby | Nov 24, 2024 | ETF Past Letters
After stocks rallied sharply to close at record highs after Republican Donald Trump won the 2024 U.S. presidential election, we said that “the giddy enthusiasm got excessive as our Sentiment market internal gauge flashed a bearish extreme, where we were...
