Somebody Always Knows Something with Nick Santiago (Ep #74)

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. Options Expiration week, markets are up today. Nasdaq is going higher even while cloud softeware companies are down. Amazon and Apple are way up along with Tesla up to $1763. Short squeeze underway? Trade real companies, trade real stocks. You need to be on the right side of the tape. They’re soon going to be on the S&P500 and they’re perhaps getting frontrun. Games will be played. Markets can move anytime, but especially now.

2. Gold and Silver on fire today with silver being the big performed 3%. Silver has been the big performed. SLV was at $10.86 during March lows. $20 is the big resistance point. $21 jump streeet. Lots catching up to do. Copper also has been very strong. Market is telling us something.

3. Coronavirus – what’s really happening. The market is telling us what’s happening. Death toll has dropped. Alot of it was political. All the small businesses that have gone out it’s truly a crime. We’ve had a bullish run since March. Yes we have printed tons of money and loads of liquidity. Flight capital is flowing into US stocks from Europe and Asia.

4. Closed our Pfizer position for a 35% profit on my end and 24% for Nick. Around two weeks. Crude could be headed much higher, perhaps into the mid 50’s. No one predicting. Energy is a beaten down sector. Strong pattern, but could see some whipsawing. Airlines haven’t gotten off the ground yet. No movement since June. Home builders are holding up and Nick’s getting ready to trade after they base a while longer. Watch Lennar.

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