by Dan Gibby | Jun 11, 2023 | Past Weekly Options Letters
The broader markets measured by the S&P 500 and NASDAQ 100 barely moved last week; however, the stock market has “climbed a wall of worry” and S&P 500 exited a 248-trading-day bear market — its longest since 1948! The S&P 500 is up 12% this year despite...
by Dan Gibby | Jun 4, 2023 | Past Weekly Options Letters
So far, the “Sell in May and go away” investors are wrong with those bulls leaving many gains on the table. All broader market Index ETFs closed the week with impressive gains on positive economic data and Washington solving the debt ceiling fiasco – at least until...
by Dan Gibby | May 28, 2023 | Past Weekly Options Letters
Nividia’s (NVDA) blowout earnings on Wednesday night ignited semiconductor (ETH SMH) and AI-related stocks. NVDA is the first semiconductor stock to join the $1 trillion market cap club. The Nasdaq ended the week up an impressive 2.19% even as the circus in...
by Dan Gibby | May 21, 2023 | Past Weekly Options Letters
Despite Republicans walking out of the debt ceiling talks on Friday and Treasury Secretary Janet Yellen saying more bank mergers would likely occur (suggesting continued problems with regional banks), the S&P 500 broke out of its range on Wednesday and ended the...
by Dan Gibby | May 14, 2023 | Past Weekly Options Letters
The broader markets continued their whipsaw action from the prior week, all ending down slightly. It’s now six weeks of moves that were less than 1% in either direction. How long can this go on? The S&P 500 ETF ended the week with a narrow range inside a bar,...
by Dan Gibby | May 7, 2023 | Past Weekly Options Letters
The broader markets continued their whipsaw action from the prior week but closed with impressive gains on Friday after AAPL’s earnings and favorable jobs numbers. The Nasdaq was up the best at 2.25% and looks poised to break out on all time frames. However, there was...
