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. Elon Musk is pressing Twitter (TWTR) again today. Musk is requesting certain data and information to facilitate his evaluation of spam and fake accounts. It sounds like this deal is really in trouble, especially if Twitter is not going to cooperate.
2. Markets are rallying higher today to start the session. This rally comes after a sharp Friday sell-off. So far, the rally is being led by the tech heavy NASDAQ. That is a positive in the near term. Just remember, these markets have been very volatile day to day and that is not likely to change anytime soon.
3. Natural Gas futures (NG) trading is up by 6.0% again this morning. It was actually a little higher earlier and now has pulled in a little bit. Either way, this commodity remains very strong and in an uptrend. $10.20 is the next milestone. When it goes there, all bets are off. Nothing can stop the energy freight train.
4. Gold is Flat today, but holding up at the moment.
5. Bitcoin is bouncing today. The popular crypto is trading higher by 5.0% and looks to be possibly making a zig zag up chart formation. Just remember, the trend is still down so if the bull pattern fails it would lead to a big move lower, but so far its holding up well. It’s doing the cha-cha.
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