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Daily Market Wisdom with Nick Santiago

  • Google Loses 6.66% — Nick Santiago 1-31-24 Last Episode #666

    31 JAN 2024 · This is perhaps our last show 1. Google, MSFT and AMD are leading the headlines today. They are all dropping after reporting earnings. Alphabet (GOOG) is the biggest loser falling by nearly 6.0%. This news is weighing on the NASDAQ which is trading lower by 1.17%. Like I said last week, these stocks are all priced for perfection after the recent run up. On Thursday, AAPL, AMZN and META are all scheduled to report after the closing bell. 2. Regional banks are coming under some selling pressure today as well. The Regional bank ETF (KRE) is trading lower by 3.85%. This comes after New York Community Bank (NYCB) earnings. That stock is trading lower by 36%. 3. Later today, the FOMC decision will be at 2:00 ET, followed by Fed Chair Powell's press conference at 2:30pm ET. The Fed is expected to keep rates unchanged. 4. Gold is having a good day trading higher by 1.0%. Everytime gold looks like it is going to rollover it catches a bid. This chart must be watched like a hawk right now. The breakout does not happen until you get a monthly chart close above $2100. Either way, the trend is still up and that is important. 5. Bitcoin is pulling back today after staging a 1-week bounce. If anyone bought bitcoin at the recent low I would put a top loss at break-even now and protect that trade. It is still possible to trade higher, but if a lower high is made the recent lows could be retested. Gamestop Movie Dumb Money Link https://www.imdb.com/title/tt13957560/ Visit Nick’s site @ https://InTheMoneyStocks.com
    19m 30s
  • Nick’s Big Retirement Announcement — Nick Santiago 1-29-24 #560

    29 JAN 2024 · 1. It's a quiet start for the major indexes this Monday morning. While the indexes are higher they are just slightly positive. 2. This Is a huge week for earnings. Mega cap stocks such as MSFT, AAPL. AMZN, META, and AMD are all scheduled to report this week. 3. Oil,nat gas and energy are weaker today. This industry group remains very choppy for the past several months. 4. The Fed announcement is this Wednesday. I do not expect the central bank to do anything this week when it comes to rate cuts. The verbiage will obviously be important. Remember, in December, Chairman Powell pivoted suddenly so you never know what he will say going forward. 5. Gold is upticking a little today, but as I said last week, I need to see more of the pattern as it develops. Gold futures remain above the important $2000 level and there is nothing wrong if it just chops around this area. 6. Bitcoin is up a little today after a bif Friday pop. While there should be more of a bounce the pattern it forms will be very important going forward. Visit Nick @ https://InTheMoneyStocks.com
    13m 40s
  • Netflix Earnings Winner -- Nick Santiago 1-24-24  #558

    24 JAN 2024 · 1. Earnings season is underway. Netflix (NFLX) reported last night and that stock is a big winner this morning trading higher by 13%. Texas Instruments (TXN) on the other hand is trading down by 2.8%. Then we have consumer goods stock Kimberly Clark (KMB) trading lower by 4.5%. This stock is dragging most of the consumer goods names lower. Clorox, Colgate and Church & Dwight are falling in sympathy with Kimberly Clark. This week earnings are reving up, but next week is when we really hit full throttle with earnings reports. 2. The small caps were lagging a little today. The Russell 2000 Index (IWM) was trading lower by 0.20%, but now up 0.25%. Outside of that the major indexes seem fine and continue to ramp up almost every trading session. 3. Gold is declining a little today trading down about 0.30%. The precious metal is still holding the psychological $2000 level. Traders and investors like myself are keeping a close eye on the pattern that forms over the next couple weeks. If you have a long term outlook then there is nothing wrong. In the short term I continue to see choppiness. 4. Bitcoin is trying to catch a bounce after hitting daily chart support. Last week, I pointed out that a pullback was underway and the $39,600 level would be some short term daily chart support. That support level was pierced yesterday and today the popular crypto is catching a bid. Remember, nothing goes down in a straight line.
    4m 4s
  • The Roaring 2020’s — Nick Santiago 1-22-24 #557

    22 JAN 2024 · 1.The major stock indexes are rallying higher again this morning. Last friday, the S&P 500 Index closed at a new all time high after 2-years. Currently, that market remains strong and in an uptrend. 2. Earnings season kicks into full gear this week. Last week, earnings season began, but the number of companies reporting was very light. This week we shall see earnings from all different industry groups. Buckle up, this could be a wild earnings period. 3. Alternative energy and solar stocks are trading higher today leading the charge. This group could be putting in a bottom as they have been declining since January 2021. This is a solid trade idea for 2024. 4. Gold is trading slightly lower today. There is some minor daily chart support around the $2000 level. Gold support levels and chart patterns will be important to track this year. Right now, Id wait for more information. Silver is very weak again today. This has been lagging gold. Silver has some daily chart support around the $22.00 area in the near term. 5. Bitcoin futures are trading lower today. I see daily chart support around the $39,600 area. So far, since the approval of the Bitcoin spot ETP's the crypto currency has sold off. Visit Nick @ https://InTheMoneyStocks.com
    6m 42s
  • Rate Cuts, What Rate Cuts? Nick Santiago 1-17-24 #556

    17 JAN 2024 · 1.The major stock indexes are starting out a little on the weak side today. At this time, the major indexes have been trading in a tight range since mid-December. 2. Earlier this morning, the retail sales report was stronger than expected. This is signaling that consumers are still strong and that might keep the Fed from cutting rates. The next FOMC meeting is on Jan 31st. Personally, I think the Fed is going to sit tight and not cut until the middle of the year if at all. 2A. This Friday is options expiration for the month of January. This is a time to watch for a lot of institutional game playing. This is the week of rumors, wacky news, and ridiculous upgrades & downgrades. In other words, expect the unexpected. 3. Oil is selling off today and is now testing the $71.00 level. A weekly close below the December lows will trigger a sharp sell signal for crude down to the $55.00 level. 4. Gold has been under pressure this week and is down today by 0.50%. There is some daily chart support for Gold futures around the $2000 level. The next key support area will be around the $1900 area. 5. Bitcoin futures are falling today. I'm seeing support on the futures chart around the $39.6000 area in the near term. So far, Bitcoin has been a sell the news event since the EFP approval. Visit Nick @ https://InTheMoneyStocks.com
    15m 59s
  • Bitcoin Down After Real SEC Announcement -- Nick Santiago 1-12-24 #555

    12 JAN 2024 · 1.Earnings season kicked off today with JPM and other financial reporting. 2. Oil and energy are rallying after the US and UK conducted strikes against military targets in Houthi-controlled areas of Yemen 3. Next week is options ex for January. 4. Gold and silver are catching an early bid. 5. Bitcoin slumps after spot ETP approval Visit Nick @ https://InTheMoneyStocks.com
    7m 21s
  • Fake Bitcoin Tweet Heard Round the World — Nick Santiago 1-10-2024 #554

    10 JAN 2024 · 1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms. 2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again. 3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is healthy as this sector was starting to get parabolic. JP Morgan Chase (JPM) has rallied nearly 30% in 2 months. 4. Gold is flat today, but it has been pulling back since December 28th. There is still a lot of daily chart support around the $2000 level. 5. Silver has lagged gold as you know. There is still a lot of support for silver around the $22.00 level on the daily chart. Currently, silver futures are trading around the $23.00 level, but this is minor support right now as it has been tested for a week already. Visit Nick @ https://InTheMoneyStocks.com
    8m 48s
  • 2024 The Year of the Tofu-Dreg Global Economy with Nick Santiago 1-8-24 #553

    8 JAN 2024 · Kerry Lutz and Nick Santiago talked about what 2024 has in store for the financial markets. They analyzed the recent movements of the market, including the resurgence of technology stocks and the impact of the Powell pivot. They also discussed the Federal Reserve's monetary policy shifts and their impact on the market, as well as potential indicators of an upcoming recession. Then they moved on to the energy market, precious metals market, and investment strategies.The discussion on the energy market focused on the performance of crude oil and natural gas, with Santiago sharing his trading experiences and challenges. They also discussed the potential impact of the approval of spot Bitcoin ETFs on the cryptocurrency market. Pecious metals were a key topic and Nick highlighted the volatility in gold and the underperformance of silver, as well as the market outlook for 2024.Santiago provided insights on sector analysis and investment strategies, advising against tech stocks in the first half of the year and recommending considering companies that were beaten down last year. They also discussed the housing market, emphasizing the shortage of housing caused by large firms buying houses and reducing supply. The conversation ended with a discussion on the potential for China to invade Taiwan and the potential consequences of such an action, as well as the likelihood of more wars in the coming years and the potential impact of political scenarios on the global economy. Visit Nick @ https://InTheMoneyStocks.com
    29m 21s
  • Rate Cut Rally Continues — Nick Santiago 12-18-23 #552

    18 DEC 2023 · 1.The major indexes are upticking to start the day. Last week was an important time period for markets as Fed Chairman Jay Powell changed his verbiage on interest rates and was basically dovish. I'm sure this week we will hear the fed heads start to talk hawkish as the markets have run a lot since late October. 2. US Steel (X) is going to be bought by Nippon Steel for $55.00 a share. The stock is trading higher by 26.00% on the news. This is helping a lot of other steel related stocks trade higher in sympathy. CLF, NUE and others are trading higher on the news. 3. OIl is catching a big bid today. Attacks on ships in the Red Sea raised concerns of oil supply disruptions. BP and other oil firms said it has temporarily paused all transits through the Red Sea. Ironically, last week the chart gave us a buy signal in crude. Full disclosure, I own the USO. 4. Gold is holding up today trading higher by 0.20%. Last week, gold caught a huge bid after the FOMC announcement. Now it will be all about the pattern that is formed over the next week or two. 5. Bitcoin is trading down by 1% today, but it is still in a trading range just above the $40K level. I think it is going to be range bound until the news of the stop bitcoin ETF is released. Visit Nick @ https://InTheMoneyStocks.com
    12m 59s
  • PPI Yawner and Interest Mix — Nick Santiago 12-13-23 #551

    13 DEC 2023 · 1.It's a big day for markets. First, we had the PPI report today. The Producer Price Index was unchanged month-over-month. Honestly, I don't care about the number, we only care about the reaction. 2. Later today at 2pm ET the FOMC will announce their interest rate policy decision for the United States. I think there is a good chance this is going to be a non-event since everyone knows the Fed is not going to do anything at this meeting. As always, the verbiage and the press conference could be important, but I'm not expecting much. 3. As you know, Friday is going to be a quadruple witching options expiration. This is the week of institutional game playing. There have been lots of rumors, news and ridiculous upgrades/downgrades already this week. 4. Gold is flat today, but it could move after the Fed today so be on your toes. Gold has been trending down and there is some daily chart support around the $1935 area. 5. Silver is also retreating this week. There are two support levels in play. First, it is $22.50 and $21.83. 6. BTC futures are slightly higher today. I think we going to see BTC futures tread here until the announcement of the spot bitcoin ETF's. Visit Nick at https://InTheMoneyStocks.com
    6m 57s

Master Trader Nick Santiago has been been beating the markets for over two decades. During this time he has racked up an impressive number of profitable trades. Nick called the...

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Master Trader Nick Santiago has been been beating the markets for over two decades. During this time he has racked up an impressive number of profitable trades. Nick called the stock exact day of the market peak in 2007 and called the 2009 market bottom within one week, profiting handsomely in the process. Nick hasn't rested on his laurels either. In the latest market turmoil of 2020, Nick has been earning record profits during a time where most investors are losing their shirts.

Now Nick shares his market insights and experience with his daily doses of wisdom and common sense, which as always is a rarity on Wall Street.
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