by Dan Gibby | Oct 2, 2022 | Past Weekly Options Letters
Although we are in a bear market (and recession), last week we were expecting a bullish reversal and tradable bounce into the void left by the prior week’s selloff. Each failed. On Wednesday the Index ETFs closed with bullish reversal bars. Over the high would have...
by Dan Gibby | Sep 25, 2022 | Past Weekly Options Letters
Last week we said, “There is nothing positive about the market.” Wow, you can say that again! The bulls who were hoping for less hawkish language at last Wednesday’s FOMC interest rate announcement were sorely disappointed. The markets continued their slide towards...
by Dan Gibby | Sep 18, 2022 | Past Weekly Options Letters
The week before last the markets continued their bullish rise after failed bearish continuation patterns. That came to an abrupt end last Tuesday with the horrible CPI numbers, confirming that inflation is high and entrenched. Core CPI rose twice the forecast. The...
by Greg Capra | Sep 11, 2022 | Past Weekly Options Letters
Last weekend most markets closed with bearish continuation patterns. In fact, there were so many that looked lower, that we were “on guard” that they would not follow through lower – particularly with our breadth indicator being at a bullish extreme. The first sign...
by Dan Gibby | Sep 4, 2022 | Past Weekly Options Letters
Last week we got our desired bearish continuation lower after the majority of stocks and ETFs closed with bearish wide range bars (-WRB) on the prior Friday, suggesting lower prices into the price void below. We said, “There are many patterns in sectors and stocks...
by Dan Gibby | Aug 28, 2022 | Past Weekly Options Letters
Last week we got the consolidation and bounce as expected, waiting for the highly-anticipated Fed Chief’s remarks at Jackson Hole. In a short and hawkish statement, Powell said that the Fed must continue raising interest rates until it is confident inflation is under...
