Dow Gaps and Craps Today — Nick Santiago 1-19-22 #357
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Description
1. Markets are trying to rebound from yesterday's stock market rout. Either way, this market is in a fragile state even if it does catch a near term bid. This...
show more2. Yesterday, Microsoft (MSFT) announced a buyout of Activision Blizzard (ATVI) for $95.00 a share in cash. So while it sounds great on the surface, Activision (ATVI ) stock is trading at around $82 a share. This tells me this deal is not a lock and there could be something that goes wrong. The deal may not get regulatory approval the way Activision (ATVI) stock is acting.
3. Gold futures(GC) are very strong today. Silver is also on fire for a 2nd day in a row. Up 2%. A lot of resistance at $24 on the daily chart. Gold futures up $25 today.
4. Bitcoin is down today. Weak holders, young people are holding and hodling. The real test is $35k.
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Author | Kerry Lutz |
Organization | Kerry Lutz |
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