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. After yesterday’s rally we are seeing some backing and filling this morning. This has been a typical pattern over the past few months. The trend is still up in the market and that is really all that matters right now. Everytime we’re up on a Monday, nothing much happens the rest of the week.
2. Earnings season is still underway. Even though the mega cap tech stocks such as MSFT, AMZN, FB, GOOG and AAPL have reported there are still other leading companies that still need to report earnings still. There are a lot of leading stocks that we have not heard from such as Nvidia (NVDA), Broadcom (BRCM) and many others in the next couple of weeks. Let’s see what the market’s reaction will be. Do they go up or down after the report and what do they do the next 3-5 days. Lots more companies still to report. Are the Fangs the new Nifty 50? One decision stocks that will enable you to retire a wealthy person.
3. Tesla is holding up well because everyone expects it will be joining the S&P 500. Demand could create another short squeeze. The shorts have been decimated, a shortseller’s nightmare. Keep away. Beware of Wall Street Darlings. If Tesla goes so goes the market.
4. Gold and silver catapult forward. Gold 2k just around the corner. $25 Silver! 2011 top was $49.82. Silver is on fire. Next big number is $30. GDX today is up nearly 2%. Staying in its range. GDXJ up over 2%. TSX Venture is going
For more info, go to www.InTheMoneyStocks.com.
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