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. Markets are hoping Santa is coming to town this year. Stocks rallied yesterday reversing the Monday selloff. Today, they are basically flat on light volume trade. There is a chance we see a little more upside since this is a holiday shortened trading week and volume trends should be light. The bigger picture does not look so great for the bulls, but it’s holding up momentarily.
2. Omicron news is now not so bad. Its seems like every 3 to 4 months now we get a new variant that is going to destroy the world. Then we see the report where the variant is more contagious and a lot less deadly. Does anyone see the pattern here? Either way, markets seem to be rejoicing over the news they are being fed. Travel & leisure stocks are doing much better DAL AAL MAR H CCL RCL NCLH.
3. Gold has bounced a little since the FOMC announcement last week. It still needs to firm up a lot more in order to see any significant upside. At this time, a minor bounce in play and nothing more.
4. Bitcoin bearish consolidation pattern, trend is down on the chart. Will the US$ go higher and drive Bitcoin lower?
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