Improving Job Numbers with Nick Santiago (Ep #97)

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. Everyone is talking about the Initial Weekly Claims number coming in at 963K. The initial claims for the week ending August 8 decreased by 228,000, which is showing improvement. More importantly, the number finally came in under the psychological 1 million mark.

2. Technology is the strong horse today. The NASDAQ Composite is trading higher again after a 3-day sell off which concluded on Monday. Apple Inc (AAPL) is probably the most important single stock to follow when it comes to tech right now. Buy the rumor and sell the news. As Apple goes, so goes the NASDAQ. Legitimate shot of S&P 500 making a new all-time high.

3. For Gold and Silver, correction isn’t over yet. A lot of backing and filling. Should pull in a bit more. People are nibbling. Wait for the set-up. Always remember, the tree does not grow to the sky.

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