by Dan Gibby | Aug 4, 2024 | Past Weekly Options Letters
Last week we cautioned, “August and September are historically the worst-performing months of the year for the S&P 500.” Markets were relatively flat through Wednesday, but aggressive selling picked up on manufacturing data on Thursday which showed a weakening...
by Dan Gibby | Jul 28, 2024 | Past Weekly Options Letters
The rotation from Big Tech to small-caps and value stocks continues as profit-taking was seen in the Magnificent Seven and tech stocks which have been on a tear this year. The IWM and Dow closed the week with gains. The Nasdaq and S&P closed negative after last...
by Dan Gibby | Jul 21, 2024 | Past Weekly Options Letters
The week before last, the four major Index ETFs rocked on softer CPI data and the hopes of a soft landing and interest rate cuts. The rotation into small-caps and value stocks (IWM) was impressive as the profit-taking was seen in the Magnificent Seven and tech stocks...
by Dan Gibby | Jul 14, 2024 | Past Weekly Options Letters
The four major Index ETFs rocked last week on softer CPI data. The SPY and QQQ again closed at new all-time highs despite the bearish reversals on Thursday. But the most recognizable event was the massive sector rotation which drove the IWM up 6% on the week! On...
by Dan Gibby | Jul 7, 2024 | Past Weekly Options Letters
Last week, we mentioned that the Fourth of July holiday, and the beginning of the month, historically results in bullish price action. We got that – although on very narrow breadth — with the Index ETFs SPY and QQQ again closing at new all-time highs. DIA was up...
by Dan Gibby | Jun 30, 2024 | Past Weekly Options Letters
Index ETFs SPY, DIA, and QQQ were down marginally last week. The IWM had a small gain on a daily breakout. The FAANGs had a great week and AMZN joined the $2 trillion market cap club. FDX rocked; WBA and NKE tanked, all on earnings. With Biden’s poor performance at...
