by Dan Gibby | Apr 16, 2022 | Past Weekly Options Letters
The broader markets closed negative for the second consecutive week, with QQQ and SPY both down over 2%. Surprisingly, the S&P 500 didn’t fall into the void below already, but the 440-level held even better than we thought it would last week. The Bull Sandwich...
by Dan Gibby | Apr 10, 2022 | Past Weekly Options Letters
The broader markets closed negative on the week, with QQQ and IWM the weakest, down about 4%. The Nasdaq is still the most overvalued at 27.5 times earnings, nearly 10 points higher than the 17.7 times of the Dow. IWM is the worse, trading at 38.8 times earnings...
by Dan Gibby | Apr 3, 2022 | Past Weekly Options Letters
The broader markets got a well-deserved retracement but still closed the weak mostly positive. Transports, however, had an ugly week. With the rapid rise in the yield on the two-year note (the one most sensitive to shifts in Fed policy), the 2- and 10-year yields...
by Dan Gibby | Mar 27, 2022 | Past Weekly Options Letters
The broader markets booked another week of impressive gains despite yields rising. The buying frenzy and relentless upward momentum the week before last came to a halt last week. The Dow gained a fraction, the Transports and the Small Caps lost a fraction, and the...
by Dan Gibby | Mar 20, 2022 | Past Weekly Options Letters
After an initial down move following the FOMC’s 25-basis point increase in the federal-funds rate at last Wednesday’s meeting, the broader markets have been on a relentless tear and closing the week at the highs. Major Index ETFs were up a whopping 5 – 8% despite the...
by Dan Gibby | Mar 13, 2022 | Past Weekly Options Letters
The broader markets and most sectors closed weak last week on the ongoing Russian invasion of Ukraine. Oil, gold, and metals remain bullish. Major Index ETFs were down between 2 – 3.5%. The Dow had its fifth consecutive week of losses. The selling was broad-based...
