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. The Russian coup is dominating the headlines right now. That could put a bid under the energy markets and that is the case right now.
2. This is the final trading week before the July 4th holiday. It is usually a light volume trading week that is often buoyant.
3. Natgas is a buy and Nick is in it. $5.50 to $6. UNG
4. Gold is upticking today, but it closed below the important 1940 support level. gold is now in a down trend so traders should be cautious short term. geopolitical events can always change things. Silver is having a great day, technical bounce off the 200 day mv.
5. Bitcoin is pulling back today after surging higher last week. The daily chart pattern suggests a little more upside for a top is in place.
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