by Dan Gibby | Oct 15, 2023 | Past Weekly Options Letters
The broader markets amazingly closed the week relatively unchanged despite the many swirling news events. Last Monday, the broader markets gapped down following the news over the weekend that war had broken out between Israel and Hamas. It was amazing how quickly most...
by Dan Gibby | Oct 8, 2023 | Past Weekly Options Letters
The broader markets had a robust bullish reversal day last Friday, setting up short-term bottoms. Last week we said, “Ideally, the week’s beginning will start with interest rates moving higher, the US Dollar moving higher, and the markets moving lower. That...
by Dan Gibby | Oct 1, 2023 | Past Weekly Options Letters
The broader markets have been selling off ever since Powell’s commentary in the last FOMC meeting. We said that September is historically the worst month of the year, and played out last month. The markets got extended through Wednesday and things were setting up for...
by Dan Gibby | Sep 24, 2023 | Past Weekly Options Letters
The broader markets were down about 2-3% last week, with the S&P and Nasdaq having their worst week since March. We have been warning that “September is historically the worst month of the year, which may play out again if last week’s low is violated.” We...
by Dan Gibby | Sep 17, 2023 | Past Weekly Options Letters
The S&P 500 has been rangebound and relatively flat the past two months despite many earnings, economic reports, and news events. The UAW went on strike as expected. Workers at Ford, General Motors, and Stellantis are demanding job security and better wages. The...
by Dan Gibby | Sep 10, 2023 | Past Weekly Options Letters
Considering the previous week ended at resistance, the misalignment of weekly and daily trends, internal market gauges, and the shortened week on low volume, our expectation of a “touch and go” week was correct. The S&P 500, NASDAQ 100, and the Dow...
