by Dan Gibby | May 6, 2024 | Master Trader Advisory Letter Past
We said last week:"I do not have a strong bias for the market direction early this week; however, there isn't significant market-moving economic news until Wednesday. The typical price action has been for prices to advance ahead of the news and then stand aside to see...
by Dan Gibby | Apr 28, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "The S&P 500 and 100 are nearing relatively significant support levels, and we hope they drop into those areas early next week.Breadth reached an extreme at the end of last week, so it is close to where markets have...
by Dan Gibby | Apr 21, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "Nothing short of a miracle will save this market from correcting further.The internal market gauges are not extreme and, surprisingly, there wasn't a large amount of put buying on Friday like the prior three weeks."...
by Dan Gibby | Apr 14, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "The sideways consolidation in many indices and sectors followed by Thursday's bearish reversal bar indicates the correction will continue.The 10- and 30-year interest rates charts suggest that they will move higher, and if...
by Dan Gibby | Apr 7, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "The continued strength in Crude Oil, Ag Sector (DBA), and Gold is a concern for renewed inflation, which will make a rate cut a tough sell.A move down to 5,200 would find buyers, but a close there or below would form a...
by Dan Gibby | Mar 31, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included, "A significant amount of put buying (bearish options bets) occurred into the close on Friday. That could be institutions hedging their long positions.If there is no economic unrest early in the week, those bearish bets could...
