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.
1. FOMC announcement This Wednesday the Federal Open Market Committee (FOMC) will conclude a two day meeting. The central bank is expected to say something regarding the time-frame for tapering its $120 billion a month of asset purchases. This meeting is probably the most highly anticipated meeting of the year. Ironically, it comes as the markets will usually rally on the back of seasonality trends.
2. Gold and silver are holding up well today. Overall, they will be in play after the FOMC announcement. They still have a lot of work to do before we see a more significant upside run. So it is really just a wait and see time period. The $1836 resistance level is the area that needs to be tested before another major advance can take place.
3. Crypto is holding up again today. Bitcoin still needs to consolidate a bit more before it can make a more significant move to the upside.
Sign up (on the right side) for the free weekly newsletter.