by Dan Gibby | Jan 29, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges have mildly worked off the bearish extreme but are far from bullish, so neutral.On a short-term basis, a move above last week's high in the S&P 500 should result in a move toward 4100; and a...
by Dan Gibby | Jan 22, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, "The internal market gauges have reached an extreme raising of the caution flag, so extended chart patterns should be avoided. Breakouts can also be high risk.The recent advances have neutralized the majority of the damage...
by Dan Gibby | Jan 15, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included, Over the last couple of weeks, it was mentioned that sentiment was so negative that institutions strongly believed the markets would move lower. Historically, a contrarian signal that it won't happen. The sentiment gauge is...
by Dan Gibby | Jan 8, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included,"The Total Put/Call Ratio moved to an extreme level of 2.0, and the Equity Put/Call Ratio almost hit 2.5.Such extremes and sentiment historically preceded the broader markets making a counter-trend move higher. We need to see...
by Dan Gibby | Jan 2, 2023 | Master Trader Advisory Letter Past
Some of last week's comments included,"With one week to end-of-year and most patterns rejecting a move lower on Thursday and stabilization Friday, prices should go up.The high volume of puts and calls in the S&P 500 ETF SPY near the close of Friday may create a...
by Dan Gibby | Dec 25, 2022 | Master Trader Advisory Letter Past
Some of last week's comments included,"The big Fed news is out of the way, and the options expiration, so I think the price action may become subdued.The internal market gauges are entering an extreme where prices we have seen bounces occur. However, I would like to...
