All Those Trillions of Dollars Have Gotta Go Somewhere with Nick Santiago (Ep #59)

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. Sideways is the by word. Markets have had a great run but now it’s stalling. No records getting set this year. Nasdaq is becoming the leader. All the Fangs are dominating. The Dow might not seem relevant now, but things have a way of working out that no one foresees.

2. Gold is putting in the mother of all bullish patterns. Same with Silver and this could easily breakthrough the 2011 tops. It could take a while to get there and a while to break out. Eventually the technical case and the fundamental will merge. It always a trade and it’s always about charge.

3. Homebuilders are backing off and they will setting up for another buying opportunity as are the other sectors. Same with travel.

4. Now that the quad witching hour is over, we go back to the charts and focus on the patterns. We will see what the market looks like on Monday.

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