Oil Rebound Underway with Nick Santiago (Ep. #24)

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. Markets such as the S&P 500, Russell 2000, and the NASDAQ Composite have rallied into resistance zones. This is where it will be critical to understance and recognize the patterns formed over the next week or two. Pattern recognition is extremely important at this time.

2. Yesterday, the FOMC (Federal Open Market Committee) concluded a two day meeting. The Federal Reserve basically said they have endless money for this virus situation. So the liquidity is plentiful right now. Investor and traders must understand this. The real problems really come when the Fed removes the liquidity.

3. Amazon and Apple report earnings tonight. Amazon has been a big winner during the virus scare. Apple has struggled, but has had a solid bounce since March23rd.

4. Sticking with Silver trade for now. It’s a natural that should take off when the economy reopens. Nick is expecting $17 silver. It’s a short term trade, but longer term it’s going. Inflation is coming. Right now there’s a huge demand for dollars. Hoarding is going on around the world. When that trend ends, watch out for inflation. Gold and the dollar will go up together.

For more info, go to www.InTheMoneyStocks.com.

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