by Dan Gibby | Sep 8, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"There was a significant increase in call options on Friday, confirming the bullish expectations for a move higher.In the S&P 500, 5600 continues to be significant support, and a break below that could create a waterfall lower...
by Dan Gibby | Sep 1, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Last week, the S&P 500 hovered around 5600 but closed above it. The open interest in put and call options is the largest at that strike next month, which makes it a level at which prices could continue gravitating to.Money...
by Dan Gibby | Aug 25, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"The depth of retracement over the last nine trading sessions leads our bias to the development of a trading range.It would not be surprising to see some of the deepest retracements (like the S&P 500) make new all-time highs,...
by Dan Gibby | Aug 18, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"On Monday, the internal market gauges reached a bullish extreme when the broader markets gapped significantly lower.The broader market's ability to hold onto its gain on Friday shows confidence that the markets can move higher in...
by Dan Gibby | Aug 11, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,"Based on last week’s breakdown, the S&P 500 will likely move toward 5200 once 5300 is close below but with attempts to move higher in the short term.The unfilled gap above Friday’s high in the $540 area of SPY will be...
by Dan Gibby | Aug 4, 2024 | Master Trader Advisory Letter Past
Some of last week's comments included,The sell signal the internal market gauges given two weeks ago was remarkably accurate, marking the top with precision this time.The internal market gauges have not reached a bullish extreme yet, which should occur before we see a...
