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Whipsaw Wednesday - Nick Santiago 4-14-21 #245

Whipsaw Wednesday - Nick Santiago 4-14-21  #245
Apr 14, 2021 · 10m 30s

1. The markets are in rally mode today with the Russell 2000 Index (IWM) leading the charge. Basically, as long as the volume trends remain light we must give the...

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1. The markets are in rally mode today with the Russell 2000 Index (IWM) leading the charge. Basically, as long as the volume trends remain light we must give the markets the upside bias at the moment. Once high volume returns then it will be the warning sign that things are changing. This Friday is options expiration so do not expect markets to just go straight up, there could be some whipsaw into the end of the week. 

2. Coinbase (COIN) is going to debut as a public traded company today via a direct listing. The popular bitcoin broker is expected to be a hot issue today. It's interesting that the so-called anti-dollar solution to fiat currency is going to be priced in dollars after going public. Is it me or does something seem a little off here? We talk about a listener who got his wallet hacked and is out $50k, with no recourse and no one to go to for compensation.

3. Gold/Silver down slightly but miners are positive. A couple more weeks of consolidation and then let’s see what happens. Silver is in positive territory. Geo-political events are starting to get worrisome.
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Author Kerry Lutz
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