by Dan Gibby | Dec 1, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"The days before and after Thanksgiving are historically bullish, and unless a decisive move lower was to occur, our bias is with the bullish seasonal tendency.The internal market gauges are close to giving a warning for longs,...
by Dan Gibby | Nov 24, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Until we see further correction -- which ideally will happen just before the Thanksgiving Holiday and set up most sectors near their respective support levels -- there will be few bullish setups that are likely to follow through...
by Dan Gibby | Nov 17, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Prices do not have to retrace to that mS area, but ideally, they will since retracements provide entry points near price support -- a demand area.Because of the corrective price action before the gap, that gap is considered an...
by Dan Gibby | Nov 10, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Based on the price patterns formed in the S&P 500, the NASDAQ 100, and other sectors, a break under Thursday’s low should send markets lower.The sidelines or day trading may be the best choice until after Wednesday." A break...
by Dan Gibby | Nov 3, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Until we get past the election uncertainty, we could be in for an unsettling, choppy time, which we’ve already had for a couple of weeks.Most markets corrected last week but did not violate the existing uptrends. However,...
by Dan Gibby | Oct 27, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Based on the price patterns and internals, there is no reason to be concerned and to assume prices will continue to advance; however, from a contrarian point of view, that’s a concern.If the markets advance strongly this week, it...
