by Dan Gibby | Jan 12, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"The 6000 level in the S&P 500 should continue to be a battle line between buyers and sellers. That strike has the most open interest, with calls and puts relatively equal and the declining 20-MA in the same area.Intermediate-...
by Dan Gibby | Jan 5, 2025 | Master Trader Advisory Letter Past
Some of last week's comments included,"These ETFs could continue lower toward last week’s low, but all are in weekly uptrends and with the bullish end-of-year seasonality, it’s not great odds.As mentioned in the comments above, this week's market direction appears to...
by Dan Gibby | Dec 29, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"The internal market gauges are not aligned bullishly yet, so we haven't received a signal of the end of the ongoing correction.Breadth has entered a bullish level, but without consensus on sentiment, this can only mean that the...
by Dan Gibby | Dec 22, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Intermediate-term interest rates -- that recently broke down abruptly -- turned higher last week, putting additional pressure on select sectors.If interest rates continue higher at the start of the week, the broader markets will...
by Dan Gibby | Dec 15, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Unless the underperforming sectors move higher, there will be little to stop the market from correcting lower next week.Interest rates have been declining, which has not helped most sectors stabilize, and that is...
by Dan Gibby | Dec 8, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Considering the Thanksgiving holiday and slow trading, the Dow and the S&P 500 made new closing all-time highs.Marginal but broad-based strength pushed the internal market gauges into a bearish extreme, as anticipated in last...
