by Dan Gibby | Feb 18, 2024 | Past Weekly Options Letters
The broader markets were down marginally last week but we knew a retracement was inevitable being so extended and with the bearish sentiment (i.e., too many bullish bets). What was more impressive, however, was the robust market rally following the bearish gap last...
by Dan Gibby | Feb 11, 2024 | Past Weekly Options Letters
It’s Deja Vue again: The bulls remain in control, with the S&P 500, the Dow, and the NASDAQ 100 making new all-time highs. The media joined in with their party hats as the SPX closed above the 5000 milestone to new highs. The S&P 500 ETF has begun to...
by Dan Gibby | Feb 4, 2024 | Past Weekly Options Letters
The bulls remain in control, with the S&P 500, the Dow, and the NASDAQ 100 making new all-time highs. This occurred despite worsening wars, less expected rate cuts, mixed earnings results from the Mag 7, and another bombshell announcement from the regional bank...
by Dan Gibby | Jan 28, 2024 | Past Weekly Options Letters
The bulls remain in control, with the SPY, QQQ, and DIA booking more gains and closing at or near record highs. Even before the 11/2 FOMC announcement — where Powell discussed the end of rate hikes — the markets have been partying like it’s 1999. The...
by Dan Gibby | Jan 21, 2024 | Past Weekly Options Letters
The bulls remain in control, with the SPY, QQQ, and DIA closing at record highs. At the beginning of the week, the S&P 500 dropped 1.1% which could have set up an M-Top and deeper retracement; however, it closed up 1.2% for the week. Not even a rise in the 10-year...
by Dan Gibby | Jan 14, 2024 | Past Weekly Options Letters
The bulls remain in control. For the week most Index ETFs retraced back to the prior highs, with the S&P 500 up 1.8%, just 0.3% off the record high. With inflation numbers out last Thursday and Friday, traders remain focused on interpreting the Federal Reserve’s...
