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. Today is Whipsaw Wednesday. This is the Wednesday before options expiration Friday. It is often a session where rallies will fail and sell-offs will see upside reversals. Expect a lot of choppiness today.
2. Gold and silver are on fire this morning. Gold futures (GC) look like they are on schedule to trade up to the $1800.00 level. Silver is trading up by 2.5% and both metals have similar patterns on the daily charts. Breakout pattern on higher on volume.
3. Tesla could be going up due to options-ex. Overall the pattern is in an uptrend. It’s been that way since late September and broke above its major pivot of April 2021.
4. Bitcoin was down earlier but has come back. It’s holding up well and keeping its recent gains. Is it the new gold? Nick thinks not.
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