by Dan Gibby | Sep 15, 2024 | Past Weekly Options Letters
For the week, the broader markets rallied robustly, negating the prior week’s heavy selling, ahead of the expected interest rate cuts this week. Two weeks ago, prices went down sharply; this week, they went up sharply. Over the last three weeks, prices have been...
by Dan Gibby | Sep 8, 2024 | Past Weekly Options Letters
For the week, the broader markets suffered heavy selling, the worst weekly loss for the year. The Dow, S&P 500, and Nasdaq fell 2.9%, 4.2%, and 5.8%, respectively. Semis led the way lower. What a difference one week can make after closing bullish the prior week!...
by Dan Gibby | Sep 1, 2024 | Past Weekly Options Letters
For the week, the broader markets consolidated or were up slightly, with the DIA closing at all-time highs. After the huge preceding move, that is bullish price action. Tech behemoth NVDA reported earnings last Wednesday. It didn’t beat the whisper-high...
by Dan Gibby | Aug 25, 2024 | Past Weekly Options Letters
Despite a bearish retracement last Thursday, the markets bounced on positive comments from Fed Chairman Powell’s speech during the annual economic conference in Jackson Hole, Wyoming. For the week, the DIA, SPY, and QQQ were up about 1 – 1.5%, not bad after the...
by Dan Gibby | Aug 18, 2024 | Past Weekly Options Letters
After the recent mini-crash – and expected retracement with spiked volatility — we are shocked to report that the broader markets had their best week since November in an amazing bullish retracement higher, plowing towards Major Resistance!! At the end of the...
by Dan Gibby | Aug 11, 2024 | Past Weekly Options Letters
We booked 18 for 19 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. Last week was a whiplash ride for traders who woke up Monday with a nasty gap following Japan’s 12.4% collapse. Fear rose on disappointing U.S....
