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. Volatile markets remain intact. Nearly every trading day is a roller-coaster ride. traders and investors have to be very nimble at this stage of the game.
2. The FOMC minutes will be released at 2pm ET. Remember, these are not a true transcript of the last Fed meeting. They are a brief outline of what the central bank wants to get across to you. Over the past few days. Many talking heads on TV are talking about the Fed slowing down when it comes to interest rate hikes. I beg to differ, because these guys are way behind the curve and QT (quantitative tightening) is also long overdue with a $9 trillion balance sheet.
3. This is the final trading week before the Memorial Day holiday. Often the volume will get lighter into Friday and that is usually favorable for some more upside, but I would not take anything for granted in this environment.
4. We called Natgas back in January when it was just breaking $4 per mcf. Now it’s going to $10 on its way to $15.
5. Gold is pulling back today after a decent bounce. I don’t see a problem with it yet.
6. Bitcoin is trading up a little, but it is still just below the psychological 30,000 level. At this time, it still lives to fight another day, but the trend is still down.
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