by Dan Gibby | Jan 19, 2025 | Past Weekly Options Letters
11 for 12 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. Markets rallied robustly last week with better-than-expected inflation data and falling yields. December’s CPI showed that the consumer price index...
by Dan Gibby | Jan 12, 2025 | Past Weekly Options Letters
For the past few weeks, the SPY, QQQ, DIA, and IWM have been trading in wide ranges as we patiently waited to see which way they would break. Everything fell hard on Friday after the Labor Department reported much-stronger-than-expected December job growth. That...
by Dan Gibby | Jan 5, 2025 | Past Weekly Options Letters
Despite a bullish reversal last Friday, Santa didn’t deliver the holiday-expected rally. The S&P 500 finished the seven days of the Santa Rally period down 1.1%. At the week’s end, the SPY, QQQ, DIA, and IWM all had nice bounces on Friday setting up many...
by Dan Gibby | Dec 29, 2024 | Past Weekly Options Letters
Starting the week, there was buying that advanced prices toward resistance; markets closed for the holiday, and trading resumed on Thursday and Friday. The prices were at their respective resistance areas, where buyers had gotten caught by the downdraft caused by the...
by Dan Gibby | Dec 22, 2024 | Past Weekly Options Letters
Last week we said, “Other than technology and the Magnificent Seven, most stocks sold off starting about two weeks ago when our market internals flashed a bearish signal. . . . But as you can see with the bad breadth and many weak sectors, perhaps the underlying...
by Dan Gibby | Dec 15, 2024 | Past Weekly Options Letters
9 for 10 closing GAINS (including breakeven) on last week’s short option/spread income trades, see VIDEO below. The Nasdaq rocked last week with the strength in the MAGS ETF, both closing at all-time highs, while other markets retraced. Other than technology and the...
