Zoom is Zooming, and So Are Gold and Silver with Nick Santiago (Ep #109)

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. Zoom video Communications (ZM) is soaring today after earnings. This move in zoom is lifting the cloud software stocks this morning. So the tech heavy NASDAQ Composite is trading higher again. This index is now up about 32% this year. It’s in a parabolic move.

2. Beware of September and October. While the trend is up you’ve got to be ready for turbulent times. Be alert and on guard. March is also known for crashes and bottoms in the in the market. Pivotal months historically, looking back at the historic.

3. Going into Labor Day we usually see low volume and this is the time where the masters of the universe take their vacations. It’s rare that it does happen. Election is just around the corner.

4. Gold and silver they keep moving up. Gold futures are flat and silver is up. Making great chart formation, staying in the pattern. Central Bankers have virtually insured that it’s going higher.

For more info, go to InTheMoneyStocks.com.

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