by Dan Gibby | Nov 26, 2023 | Past Weekly Options Letters
The broader markets remained bullish during the holiday-shortened week, up around 1%, which was also helped by yields and the US Dollar drifting lower. However, our market internals are at bearish extremes suggesting a needed retracement. Since 1950, the S&P 500...
by Dan Gibby | Nov 19, 2023 | Past Weekly Options Letters
After an explosive gap last Tuesday on favorable inflation data, the broader markets chopped sideways last week into the week’s end, which is extremely bullish because of the shallow retracement. Like prior weeks, however, the Russell 2000 (IWM) continues to...
by Dan Gibby | Nov 12, 2023 | Past Weekly Options Letters
Other than the Russell 2000 (IWM), the broader markets (QQQ, SPY, and DIA) surprisingly continued their strength from the impressive rally the prior week leading into the FOMC meeting and closing at the week’s high. The impact of lower yields continued to power the...
by Dan Gibby | Nov 5, 2023 | Past Weekly Options Letters
The broader markets and bonds (with yields falling) were in party mode last week for various reasons. The main catalysts were favorable economic reports showing a slowing economy (and possible “soft landing”), the FOMC’s announcement last Wednesday and growing belief...
by Dan Gibby | Oct 29, 2023 | Past Weekly Options Letters
19 for 20 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. So far we are getting our desired outcome in the broader markets with the sell-off last week closing at the lows after the failed attempt to retrace much...
by Dan Gibby | Oct 22, 2023 | Past Weekly Options Letters
The broader markets sold off last week closing at the lows. We still have a bearish bias on a continuation pattern. The Nasdaq Composite was the worst – down over 3% — as longer-term Treasury yields approached 5%, the highest in 16 years. The many negative...
