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. Geopolitical Events are front and center this week. Everyone is talking about the Russia/ Ukraine tension. Honestly, I have no idea how this will really play out, but it is affecting oil prices, and the stock markets around the world.
2. All of these Fed presidents are out speaking about the increasing rates. For the most part, they have been sounding a bit more hawkish. Everyone is talking about a special meeting that is going on today, but there have been very few details released.
3. As you know, this Friday is options expiration so expect a lot of ‘whipsaw’ this week. Almost all of the recent rallies have been getting sold off so it is very important to take it slow this week. Understanding the chart pattern will be very important by the end of the week.
4. Gold is very strong today. This looks to be due to the geopolitical uncertainty. Gold futures (CG) still have a lot of resistance around the 1880 area at this time.
5. Bitcoin trading firmly above 40k. Ethereum is still down and hasn’t confirmed Bitcoin’s move. Coinbase’s floating QR Code was the most popular Super Bowl ad and shut down the Coinbase site.
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