It’s Fed Day with Nick Santiago (Ep #426)

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.


1. It’s Fed Day. At 2pm ET the FOMC will make their policy decision for the US. This will be followed by a 2:30 press conference with Fed Chairman Jay Powell. The press conference could move markets. Many traders and investors are going to listen to see if the Fed is going to pivot their current hawkish stance. Either way, there is nothing that they can say or do that will change my stance in the near term that all bounces are bear market bounces and nothing more.

2. Today, the major indexes are higher to start the day. This could change later so be on guard after the FOMC announcement. Gold. bond yields, the US Dollar and all indexes will be in play after today’s announcement.

3. Gold is slightly higher today, but it has been weak lately.

4. Bitcoin is strong trading higher by 2%, but the trend remains down.

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