by Dan Gibby | Jul 23, 2023 | Past Weekly Options Letters
The broader markets closed relatively unchanged last week after we got the expected retracement after the previous week’s party-mode rally on favorable inflation data. Economic reports early in the week could move the market, but the main focus will be the Fed...
by Dan Gibby | Jul 16, 2023 | Past Weekly Options Letters
The broader markets were in party mode last week on favorable inflation data showing that it’s declining, as expected. The S&P 500 and Nasdaq both closed at 52-week highs on Thursday and the S&P 500 closed back above 4500 for the first time since April 2022....
by Dan Gibby | Jul 9, 2023 | Past Weekly Options Letters
The broader markets were down somewhat last week after a bullish 3-day move into the employment data on Thursday and Friday. Thursday had a broad-based selloff after data showing a strong labor market increased bond yields and, thus, fears that the Fed will keep...
by Dan Gibby | Jul 2, 2023 | Past Weekly Options Letters
Last week we got the continued expected pullback and reversal which set up a robust two-day rally into the end of the week. The bulls remain in control and many longer-term charts look fantastic, which should set up great opportunities for the next pullback. Broader...
by Dan Gibby | Jun 25, 2023 | Past Weekly Options Letters
Following the prior week’s huge advances where the S&P 500 was up 2.7% and the NASDAQ 100 3.2%, we cautioned by saying, “however, both are now extended, far from their 20-MAs.” Last week we said, “Enjoy the ride while it lasts.” Now we urge caution on new longs...
by Dan Gibby | Jun 18, 2023 | Past Weekly Options Letters
Master Trader’s three Advisory Letters booked great gains last week! 21 for 22 closing GAINS (including breakeven) on last week’s stock and option trades in the Advisory Swing and Options Trader. 12 for 12 closing GAINS (including breakeven) on last week’s short...
