Dull Holiday Markets, but S&P 3000 is Getting Close with Nick Santiago (Ep #40)

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 closed positive into a long weekend. Light volume, no sell-off. We’ve reached a tipping point and people want to get back to work. Uprisings are taking place around the country. Politics is being trumped by economic reality. So-called medical experts telling the government what to do as far as the economy is concerned. Businesses are coming back quickly.

2. Very quiet day, nothing really happening much. Things are starting to calm down and less worrisome. The market action is encouraging. Russell 2000 was green again as was NASDAQ.

3. Gold recovered a small portion of yesterday’s losse but Nick expects the consolidation to continue, perhaps for another 2-3 months.

4. S&P is getting close to 3000 and there will be some backing and filling. It would be healthy.

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

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