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:
1. Earnings are in full swing right now. Last night, Facebook (FB) reported earnings and announced a big $50 billion share buyback, but the stock is still trading down by 2.4%. Alphabet (GOOG) and Microsoft (MSFT) report tonight after the close. Apple (AAPL) and Amazon.com (AMZN) are scheduled to report Thursday. Tesla (TSLA) becomes a trillion dollar company. It now carries more weight on the NASDAQ and the S&P 500. Fastest rise to a trillion dollar company in history. It’s parabolic.
2. Gold and silver are coming under some pressure today. They have not been able to climb above the recent resistance zones. I’ll be watching them closely into the end of the week.
3. Bitcoin is ticking lower today, but it is holding up after making new all time highs last week. I’d expect more backing and filling here over the next week. The pattern will be important to watch this week. Be careful at these levels. Nothing terrible for the chart.
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