by Dan Gibby | Jan 7, 2024 | Past Weekly Options Letters
We finally got the start of our anticipated much-needed retracement last week after the broader markets continued their two-month bullish move through the last trading week of 2023. The expected seasonal bullish follow-though the first week of the year didn’t occur....
by Dan Gibby | Jan 1, 2024 | Past Weekly Options Letters
Last week the broader markets continued their bullish move which started two months ago, booking more gains through the last trading week of 2023. Monday the equity markets are closed for New Year’s Day. Many predictions failed during the year – with many...
by Dan Gibby | Dec 24, 2023 | Past Weekly Options Letters
Last week the broader markets continued their bullish move which started two months ago, booking more gains ahead of the long Christmas holiday weekend. Last Wednesday the S&P 500 dropped 1.5%, however, on conflicting news events creating a bearish Wide Range Bar...
by Dan Gibby | Dec 17, 2023 | Past Weekly Options Letters
The broader markets confidently rallied into the FOMC two-day meeting last week where no change in the current federal-funds target range of 5.25%-5.50% was expected. Then the announcement came at 2 ET on Wednesday and the hint of looser monetary policy sent the...
by Dan Gibby | Dec 10, 2023 | Past Weekly Options Letters
The broader markets remained relatively flat last week, which is bullish consolidation considering the refusal to retrace in a meaningful way as we were hoping. The SPY has moved less than 1% in either direction for the past 16 days, and volatility (VIX) closed at new...
by Dan Gibby | Dec 3, 2023 | Past Weekly Options Letters
The broader markets remained bullish last week, consolidating strong, ignoring bearish candlesticks, and refusing to retrace as we were hoping. With the robust rally off the low, stocks, high-yield debt, and precious metals had their best month in more than a year....
