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:
1. Quadruple Witching Options Expiration – This Friday is options expiration for September. As you know, this is a quarterly expiration which is a quadruple witching options expiration. This means that there are 4 different asset classes expiring under the sun this week. It has been a volatile and choppy trading week so far and I’d expect more of it going forward.
2. Chinese ADRs (China stocks) are almost impossible to invest in at this time. Today, there is news that the government in China is going to increase gaming industry regulations in the Macau region. Nearly everyday we hear some other new regulation from the Chinese government in a bunch of different industry groups.. It makes the Chinese stock uninvestable at this time.
3. Bitcoin holding tight right below 50k. Not looking good.
4. Gold/Silver gold is down 11.5. Silver down .10. Nothing to see here.
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