by Dan Gibby | Aug 27, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The weekly trends are bullish, and that needs to stay intact.For this week, buyers need to lift prices of the S&P 500 close to the 50-MA to support a bias of a solid September low not far from current prices." Continue...
by Dan Gibby | Aug 20, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges have not reached a bullish extreme yet but could get there sometime next week.Early in the week, the direction of interest rates (5, 10, and 30 years) and the U.S. Dollar will likely move the...
by Dan Gibby | Aug 13, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges are not aligned bullish, so bulls have no help.Sentiment isn't near a bullish level, and it will take more pain to get it there.In the S&P 500, $4,400 is strong support, and the rising 50-MA...
by Dan Gibby | Aug 6, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges are neutral but are working off their bearish extreme seen two weeks ago.A close below Thursday's low will signal lower prices. In the S&P 500 ETF symbol SPY, 440 is a significant support...
by Dan Gibby | Jul 30, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "At the beginning of the week, prices may initially move lower, but with MS relatively close, it's unlikely there will be more downside than that.The potential for volatility will not stop after Wednesday since Thursday will...
by Dan Gibby | Jul 23, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "During our pre-market review at the end of last week, we reported that the internal market gauges had reached a bearish extreme.Extreme readings rarely mark a high day, and prices can continue to higher, but historically we...
