Master Trader Nick is Catching Knives, and Hasn’t Shed a Drop of Blood (Ep. #5)

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. Non-farm payroll report -701,000. It is probably worst than that and will expand, but the market already knows this.

2. Oil bounce continuing today on a likely production cut from Suadi’s and Russia. Higher oil prices are critical right now for the bank stocks which lend a ton to mid and small oil companies.

3. Steve Mnuchin said the SBA/Treasury lending program is expected to go live this morning. This will help small business in the near term. Yesterday, JP Morgan said this would not be ready by today, but it looks like Bank of America is up and running already today.

4. Nick exited his silver trade and is looking to get back in. The chart is looking extremely bullish.

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