by Dan Gibby | Apr 23, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges still have not provided us with any guidance. The Sentiment gauge has been neutral since the end of February. Breadth has begun to deteriorate but nothing of significance yet.We are waiting for...
by Dan Gibby | Apr 16, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, Many of what I would consider questionable Buy Setups are not attractive.While technically, the patterns do not suggest significant movement, the economic news and earnings reports could move the market significantly....
by Dan Gibby | Apr 9, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The Volatility Index (VIX) is near the last low points it advanced from, and where markets have declined, so that's a concern. The VIX can stay low for a while, so it's not an immediate concern.For now, extreme inflation is...
by Dan Gibby | Apr 2, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "For now, it seems that bulls have pulled a rabbit out of their hat and saved the broader markets from moving lower.KRE may be able to move higher, but historically, another move down will occur.Bulls may be able to lift the...
by Dan Gibby | Mar 26, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, " Until we get "cleaner charts," trading will be susceptible to whipsaws or accelerated moves caused by news shocks.The large open interest in S&P 500 puts and calls at the 4000 strike that has kept prices relatively...
by Dan Gibby | Mar 19, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal sentiment gauge is not at an extreme yet, which supports lower prices.In the S&P 500, a test of 3800 seems inevitable. Based on the size of the bearish reversal bar on the weekly S&P 500, at or below...
