from Daily Market Wisdom with Nick Santiago
For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends. Today we discuss:
1. Press conference at 2pm Trump discussing China and Hong Kong and possible sanctions. Will they impose them? Bloomberg says Chinese finance sector could see some sanctions. Markets are jittery. Not a terrible day. Nasdaq is in the green. Dow, S&P and Russell are down today. Chinese ADR’s aren’t doing badly today. Main ETF for Chinese stocks is up .25 today. Chinese accounting is completely fraudulent. Companies like Alibaba, Baidu and several others might be legit. Luckin Coffee (LK) coffee was a scam and went from $50 to $2. The charts could have saved them. Nick warned his group about it. Recessions are the ultimate honesty test, just look at Bernie Madoff.
2. Gold and silver are way up today. Silver pattern is a great one. Look to consolidate before jumping in. $22 move on gold and GLD up over 2%. SLV is up 3%. The ultimate play is precious metals and the Fed’s Powell is ready to print, print and print some more. Government is the accomodating loser. It always operates at a loss. Debt is up and going higher. It’s the same politicians who allow it to go higher and higher.
3. Sectors we’re following haven’t been to badly hit today. Nick was expecting lower markets today. Market was already selling off into the news. Nothing to serious.
For more info, go to www.InTheMoneyStocks.com.
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