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 report for TSLA tonight. Looking to retest the prior $900 high. It’s just a matter of whether it exceeds its new high.
2. Bitcoin new high after bitcoin etf. $40k was defended. It’s not going down to $27k or $20k in the near future. New all-time highs on the BITO ETF. It’s based off of Bitcoin futures. It traded over $1 billion its first day. More volume coming for Bitcoin futures. Definitely overbought.
3. Silver on fire today. Gold up 16.50 on the spot. Silver gapped and finished above yesterday’s high. It’s broken two whole numbers and is 25 next?Then $27. Copper is getting close to its all-time highs made in May. If it exceeds it, there’s a lot more upside potential. It’s an inflation play. The two key commodities to watch out for are copper and natgas and also oil. Europe is facing a potential disaster. Horror stories on the way.
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