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. Another big market drop to start the day. It’s a broad based decline as leading sectors such as energy (XLE, XOP) and financials (JPM, GS, KBE) are trading lower. Technology is the big loser again with the NASDAQ Composite down 1.2%. Tech should be avoided now as it looks as if it is in full correction mode and it looks much weaker than everything else.
2. Today’s big winner is crypto. Bitcoin and Etherium are both very strong today and has surged above the September 7th pivot top. That is a solid move, now the weekly close will tell me more when it comes to the popular crypto markets. Could this be the beginning of a new crypto rally?
3. Gold/Silver Gold was down earlier but has bounced back and is in the green. Silver down.
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