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. We have a mixed session today with the tech heavy NASDAQ trading higher and the other major stock indexes trading lower. Earnings season now kicks into high gear this week with 100’s of companies reporting earnings this week.
2. Here’s a great example of how stocks work. Most of the leading vaccine stocks for COVID-19 are falling today after PFE/BNTX (Pfizerr and BioNtech) and Astazeneka (AZN) reported positive news for these RNA vaccines. This simply looks like a buy the rumor sell the news event. That is why we have to use charts and not the news for trading.
3. Gold and Silver up again. We’ve had a great run and we’re vulnerable to a pullback. Silver is having a power move today, on the way to $20. At this stage of the game you can get to $20. Futures are at $20.25 going into the anniversary high. Any pullback is going to be short lived. Why wouldn’t you be buying silver at this point in time. Everyone should have some exposure. Metals started going up with the stock market, a real change in momentum.
For more info, go to www.InTheMoneyStocks.com.
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