We’re No Longer in Kansas Anymore with Nick Santiago (Ep #72)

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 Weekly Initial Claims 1.314 million vs 1.350 million, the last report was prior revised to 1.413 mln from 1.427 mln. The Weekly Continuing Claims 18.062 million, the prior report was also revised to 18.760 mln from 19.29 mln. Either way, these numbers are getting better, but still need to improve. This will take more time.

2. Next week is options ex. The Thursday before we’ve been seeing a lot of game playing. Very low put call ratio. Next week is pivotal on July 17, the entire week will see questionable activities. Beaten up stocks may be buys. Apple could get taken down. That’s why you need to give yourself time for options. 2-3 months to avoid squeeze.

3. Gold and silver going higher still. Gold futures are down. Incredible run. Silver is flat. Nick will be watching to see if silver starts catching up and surpasssing gold. Silver at $19.25. Gold is 1808.

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

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