by Dan Gibby | Apr 6, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"Based on last week’s price action on Friday and the weekly reversals, the only direction that makes sense is down.It’s unlikely that the recent pivot low reference points will hold, but miracles can happen. Technically, prices...
by Dan Gibby | Mar 30, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"If the S&P 500 could trade above last week’s high, the 20- and 200-MAs converge at price resistance, which is not a high-probability trading opportunity.Ideally, the S&P 500 and the NASDAQ 100 would trade below Friday’s...
by Dan Gibby | Mar 23, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"The internal market gauges have reached levels associated with market retracements.The misalignment of time frames and how the markets “stair-stepped” lower means the upside will be limited without a retest or further...
by Dan Gibby | Mar 16, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"One sentiment gauge has reached an extreme level, and breadth has reached a marginal level, suggesting a bounce of some degree should be close.Ideally, there will be another decline to test last week’s low, pushing all internals...
by Dan Gibby | Mar 9, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"The concern of tariffs, wars, and the recent drop in consumer confidence creates uncertainty and higher volatility.Friday’s reversal does not support a bearish reversal on Monday, but if that were to occur, I believe it would...
by Dan Gibby | Mar 2, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"The internal market gauges are not close to an extreme level to bring an end to the decline that began on Friday.Because of Friday's significant bearish action, it’s hard to imagine anything other than lower prices before...
