by Dan Gibby | Jun 23, 2024 | Past Weekly Options Letters
12 for 12 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. The Index ETFs were up marginally last week; however, the bigger shock was the bearish reversal in NVDA which dragged down AI-related and tech stocks. We...
by Dan Gibby | Jun 16, 2024 | Past Weekly Options Letters
Hi, we set up a new channel for the Weekly Options Trader. Please log into your Member’s Area and click the Telegram link which will bring you to the new channel. Have a great weekend — and Happy Father’s Day! SPY and QQQ continued their strength,...
by Dan Gibby | Jun 9, 2024 | Past Weekly Options Letters
Hi, we set up a new channel for the Weekly Options Trader. Please log into your Member’s Area and click the Telegram link which will bring you to the new channel. Have a great weekend. The broader markets were mixed last week with the decline in Treasury yields...
by Dan Gibby | Jun 2, 2024 | Past Weekly Options Letters
Most markets retraced last week as expected since we have been warning of the bearish signal from our market internals. Last week we cautioned, “The internal market gauges are still working off reaching a bearish extreme, so the upside should be limited.” It was...
by Dan Gibby | May 26, 2024 | Past Weekly Options Letters
The axiom, “Sell in May and go away,” has not worked so far. Despite the Dow Jones Industrial Average being the weakest on last week’s deep retracement, it is still up more than 3% this month. The S&P 500 gained 5%, and the Nasdaq Composite up 8%. Regarding last...
by Dan Gibby | May 19, 2024 | Past Weekly Options Letters
After the April CPI release last Wednesday, stocks and bonds rallied, and the markets are still glued to anything that will help chances for rate cuts this year. The downtick in the core CPI, a measure that excludes volatile food and energy costs, helped fears that...
