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. Options expiration is this Friday. The markets sold off yesterday and remain very volatile today. We also have the start of earnings season kicking off tomorrow. JP Morgan Chase (JPM), Delta Airlines (DAL) and Blackrock (BLK) will report earnings tomorrow.
2. The August JOLTS – Job Openings were 10.4million. There are plenty of job openings, now where are the workers? I was away this weekend and I saw so many places that needed help and could not find people to work. No truck drivers for you.
3. Jamie Dimon says Bitcoin is worthless, but people still want it. You have to appreciate his honesty. So are US dollars. What does Jamie know. Bitcoin is approaching its old all time high. It broke its psychological resistance point and has defied gravity. Signs point to more gains. $56k
4. Gold/Silver is doing well today for a change. Silver futures a little on the weaker side. SLV is up today a few cents.
5. Natgas is now consolidating. Nick had a put option and banked 28%. It’s a good pullback. Some more backing and filling. One or more major resource hedge funds could be on the rocks. High leverage and getting caught on the wrong side of the trade. Is Natgas another Gamestop?
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.