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. The ADP Employment job report today pointed to a net loss of 27,000 nonfarm payrolls in March. This coming Friday will Non-farm payroll report from the BLS. A weak job report should be expected. Tomorrow (Thursday) there will be the initial jobless claims report released at 8:30 am ET. Last week, there was over 3 million new claims. I’d expect a similar numbers again.
2. Today is the start of the new quarter, April 1st.
3. Crude Oil inventories are out today at 10:30 am ET. Oil remains weak on the charts and in a down-trend. Some smaller oil companies are going to go bankrupt soon.
4. Nick is extremely happy with his GDX trade, it’s at low 20’s now and he’s expecting it to hit 29. Silver is forming an extremely bullish pattern as well. Get ready for the market and metals to take off. There’s too much money in the world!
For more info, go to www.InTheMoneyStocks.com.
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