Options Expiration Is Again Upon Us - Nick Santiago 8-17-20 #99
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Description
1. Options expiration is this Friday. That means that this trading week will be filled with lots of institutional game playing. We see this every month around the monthly expiration....
show more2. This is a big week for many leading retail stocks. We will get earnings this week from Home Depot (HD), Walmart (WMT), Kohls (KSS), Lowes (LOW), Target (TGT), TJ Max and several others. The big box stores have been very strong so it will be important to see how they react afterthe earnings reports. These companies have mostly thrived during the pandemic.
3. Gold and silver back on track. Gold is on fire up $48 on the futures, big surge. Same for silver up over 5% but some more backing and filling is on the way. Setting up for a big future advance. Money printing has run amuck. We’re at debt levels we’ve never seen before. We can never recover. Tip of Iceberg.
4. People are putting their money into their homes.
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