Nick Santiago returns… As expected the market headed down in January with the SPDR’s breaking 100mm volume, but then a funny thing happened, the market went back up. Nick’s uncertain of the next move but his gut is telling him it’s going down again. Tesla crashed but went way past Nick’s call. The short sellers have been cleared out so the next move down is unlikely to result in a free fall. Gold and silver, are in consolidation, getting ready for a breakout down the line. Dollar and treasuries were up as Nick called it. Oil went down from $65 to $50, also in line with Nick’s expectations. Lots more was covered here. We’ll check back next month as usual.
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