by Dan Gibby | Oct 20, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"The technical picture suggests markets will go higher despite the uncertainty in the Middle East and China.On Friday, breadth moved decisively positively, and money rotated into speculative sectors like the Russell 2000 and...
by Dan Gibby | Oct 13, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Based on last week’s price action and Friday's overall positive recovery, the broader markets must go up, or it will be a bearish signal.The bearish extreme and sentiment have been partially worked off last week, and breath is...
by Dan Gibby | Oct 6, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Finally, getting the cut alleviated much of that uncertainty, and there has been a significant increase in bullish sentiment, which is a concern.When sentiment becomes excessively bullish, the markets are vulnerable to a...
by Dan Gibby | Sep 29, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Last week was the quarterly options expiration, and now that it's over, we shall see how the price action shakes out this week.Last week's strength suggests continued strength and the potential for prices to extend the move,...
by Dan Gibby | Sep 22, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"In many index charts, volatility is contracting, with highs falling and lows rising. This week may be the apex of this contraction.Without going into a lot of explanation in this sector, I expect that it will go up, but with the...
by Dan Gibby | Sep 15, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"We have little reason to believe that the markets will make another miracle reversal or turnaround before testing lower levels.The NASDAQ 100, measured by the ETF symbol QQQ, has its 200-MA between 440 and 445, which seems likely...
