DiscoverDaily Market Wisdom with Nick Santiago
Daily Market Wisdom with Nick Santiago
Claim Ownership

Daily Market Wisdom with Nick Santiago

Author: Kerry Lutz

Subscribed: 6Played: 444
Share

Description

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.
268 Episodes
Reverse
1. The Major market indexes were hammered yesterday in a broad based decline. The only industry group that held up was energy, but even that group faded quite a bit from its morning highs. The volume was very heavy and that is a big warning sign for me that we have entered the danger zone for the markets.  Today, the major stock indexes are rebounding nicely to start the day, but remember the saying, it's not how you open, but how you close. Traders now must watch the patterns that are formed over the next few days.  2. Gold/Silver got hammered yesterday. Throw the baby out with the bath water. Gold set-up is still pretty good. It was just a pull-back from the resistance point. No big deal for silver, $28 is a big resistance point. 3. Cryptos are in retreat. It Bitcoin breaks its recent low of $48,000. They’re drowing in a sea of love. Tesla announced it will no longer take Bitcoin for vehicles. It’s bad for the environment. Did Tesla dump their crypto holdings. What does Musk know that the rest of us don’t?
1. Markets are lower again today across the board. Tech is leading the declines trading down by 1.50%. The semiconductor ETF (SMH) is trading lower by nearly 3.0%. Everyone should watch this very closely.Earlier today, there was a hot CPI (Consumer Price Index) number released. CPI increased 0.8% in April, Core CPI, which excludes food and energy, increased 0.9%. The Fed heads (central bankers) call this transitory. We shall see about that.They should take a look at the steel price, copper, corn or wheat or lumber. Prices have gone exponential but there’s nothing they can do about it. Will this cause the stock market to go down? Leverage will blow up and take everything with it. There are others similarly situated to Archegos. The stage is being set. Billions and billions will be lost. 2. Gold/Silver yields are up and money is starting to flee. London Silver reserves were off by 3300 tons. Stronger dollar coming? Will the Fed tighten. Rates going higher, but still have a long way to go. The bond bubble is over. 3. Bitcoin making lower highs and the flight Ethereum. More Bitcoin distribution to come. There’s more crypto out there than
1. By the closing bell Monday, all of the major indexes finished sharply negative. Even the Dow Jones Industrial Average (DIA) rolled over after being positive earlier in the session. This is what we call a reversal day for the DJIA. The tech heavy NASDAQ Composite was down 2.5% along with the Russell 2000 Index.This morning, the major stock indexes all gapped down lower to start the day, but they have bounced off of the morning low at the open. Right now it looks like traders are buying the dip, but it's a long day and a lot can happen by the closing bell.There is actually some early strength in the steel stocks so far. I'll be watching this industry group closely today.  2. Gold/Silver gold performed well after a weak start. Finished up a point. Gold miners were down at the open but finished positive on the day. Silver had an up day, plus 1%. A good day all around.
1. Today is a much more subdued trading session after yesterday's wild action. yesterday, the market came roaring back into the closing bell. The Dow Jones Industrial Average (DJIA) actually finished positive by the close. Today, we are back to a much lighter volume session, so it will be important to see the charts by the close.  2. Now this should be the talk of town right now. Yesterday, news was released that Treasury Secretary Janet Yellen said that rates might need to rise to keep the economy from overheating. Last night, she walked back that comment when speaking to the Wall Street Journal CEO Council Summit. She said, “so let me be clear: That’s not something I’m predicting or recommending.”  This should tell every investor that the central bank knows it's the only game in town keeping these markets up right now.  3. Dogecoin fiasco it was obviously a coordinated hit job on Elon Musk. How else do a hit job on the world’s second richest man? No self-respectiing crypto “investor” would ever sell because of a joke on a lame show. 4. Gold/Silver Still going up. Nick closed IAU options position. We’re at criticial resistance. Once we go above, then it’s off to the races. It all started in late March off “W”.
1. The highly anticipated non-farm payroll report was released this morning. It reported just 266,000 new jobs. The expectations were for over 1 million jobs. So this was a really bad and weak number. The crazy thing is that it is positive for stocks at this time. Hence, we have a rally out here today. 2. You see, the market only cares about the easy money from the central bankers. If the job number was really strong that could cause the Fed to raise rates and try to stop the market from overheating. This weak job number keeps the Fed in play as they have a mandate for full employment. The stock market loves it and wants more. The trillion dollar babies aren’t making new highs. Apple has been lagging. 3. Gold/Silver still some work to do before new highs. Gold is up dramatically and is looking 1856, the 200 day moving average and once we clear that, 2020 high is next. Nice inverse head and sholder on gold futures. Target 1880. Gold turned its trend up in the “W” pattern and it has played extremely strongly. Copper hits new all time high.
1. Yesterday's stock market close was weak again. This weakness occurred despite the light volume session. Technology stocks struggled and the small cap Russell 2000 Index (IWM) showed weakness as well. The Dow Jones Industrial Average (DIA) was where the strength was and continues to be. As I've said before, I never like when the Dow Jones Industrial Average leads the indexes higher. It was the big winner for the day. Right before the close a major buying program came in and turned everything green. 2. While everyone waits for the April non-farm payroll report tomorrow we did get weekly jobless claims that were better than expected. The weekly initial jobless claims number was 498,000, this is the lowest level since the pandemic began. As for continuing claims, they increased to 3.69 million from a revised count of 3.653 million. Hopefully, things continue to improve. 3. Gold/Silver/Copper/Steel/Lead/Zinc commodity price continue to sky rocket on every front. Things people need and use are going up and in price. Transitory inflation is a form of double speak. Eventually we will have the mother of blow off.
1. Today is a much more subdued trading session after yesterday's wild action. yesterday, the market came roaring back into the closing bell. The Dow Jones Industrial Average (DJIA) actually finished positive by the close. Today, we are back to a much lighter volume session, so it will be important to see the charts by the close.  2. Now this should be the talk of town right now. Yesterday, news was released that Treasury Secretary Janet Yellen said that rates might need to rise to keep the economy from overheating. Last night, she walked back that comment when speaking to the Wall Street Journal CEO Council Summit. She said, “so let me be clear: That’s not something I’m predicting or recommending.”  This should tell every investor that the central bank knows it's the only game in town keeping these markets up right now.  3. Gold/Silver Nick Nailed it yet again. He sold out of GDX options yesterday for a 29% gain, just before Secretary Yellen's scary words on interest rates.
1. The major stock indexes are under some early pressure today. Technology stocks are falling the most to start the session. The decline is somewhat broad-based, but it will be important to see where we finish the day. Remember, it's not how the market opens, but more important how it closes. Let’s see what the volume looks like. Right it’s ticking up. Markets are on borrowed time. Archegos led to the market being saved. It sent markets nominally higher and put off the inevitable. Amazon (AMZN) is falling again, the stock is continuing to decline from it's earnings announcement late last week. As a rule, when the mega-cap stocks fall you better follow it as it will often have a much larger effect on the overall markets.  Apple is down over 3% today and about to break its 100 day moving average. Watch the megacap stocks. They hold up the markets. Semiconductors are getting killed. Anything that goes up and has a parabolic run-up is going to get slammed. 2. Gold/Silver gold futures were weak overnight are up $2 on the day. Silver futures are positive trading at $27. Nick closed his GDX call options with a 29% gain. 3. Tesla on sale now for Bitcoin. May be a very good use of your crypto. Even Elon Musk took profits. Watch the charts. 
1. The 'Friday Effect' finally failed to play out. Believe it or not, the major stock indexes finished negative this past Friday. The trading volume was not very heavy so it did not mean all that much. Either way, the up-trend in the market is still intact. Amazon had a decline Friday, it couldn’t hold onto its gains. Now Amazon, Apple and Microsoft have had stellar earnings and all sold off. Apple hasn’t made a new high since January. 2. The major stock indexes are rallying higher this morning to start the week. Tech is a little sluggish, but there is no real issue yet. GDP was up 6%. Unemployment isn’t going down, largely because of the bonus unemployment insurance. Underneath the surface there’s lots of lead.3. Warren Buffett's business partner, Charlie Munger, slammed bitcoin this weekend. He said he hates Bitcoins's success.  Munger also said, “I don’t welcome a currency that’s so useful to kidnappers and extortionists, the whole damn development is disgusting.”  4. Gold/Silver On fire today. Gold is on fire after the big pullback, just under $1800. We built the base to break $1800. Miners are doing great. Silver up 4.4% over 27 on the futures. Breakout for silver and coming breakout for gold. It’s a powerhouse pattern. $30 plus silver is coming.
Nick #257

Nick #257

2021-04-3006:05

1.  Amazing fade for Apple yesterday and then the turn around came. Today the major stock indexes are staring out a little on the weaker side this morning. Amazon is strong after reporting earnings, but there are some really ugly market reactions to some leading semiconductor stocks that seem to be weighing on the market. Leading semiconductor stock Skyworks Solutions (SWKS)is down 8.5% and Cirrus Logic (CRUS) is lower by 16%, So far, the reactions to the earnings announcement has been really lackluster.2. Today is a Friday and usually the markets will finish the session positive on a Friday. I call it the 'Friday Effect'. With the markets starting out on the weak side we shall see if this phenomenon plays out again today. 3. Gold/Silver gold futures are positive today. It’s making a sling-shot pattern. Yesterday’s rebound was a great move.
1. Markets gapped up at the open and now they’re. While everyone is giddy about the Apple (AAPL) it’s only 50 cents, it was a gap and crap. It’s still not making a new high. Watch and learn grasshopper. Facebook (FB) earnings were stellar and they’re up $17 per share, making a new high, nearing parabolic territory.You should note that the 10-year yield is up again. Yields on the 10-year U.S. Treasury Note are up over 5.5 basis points today to 1.679%. Higher yields will usually hurt tech stocks so the overnight pop from the Apple and Facebook earnings might be short lived. In fact, Apple is just up by 0.58%. Watch out for big volume. The bond market is very important especially since the Federal reserve is buying $120 billion a month in U.S. Treasuries and mortgage backed securities. If nobody else but the Fed wants to own U.S. bonds there is a big problem on the horizon. Big GDP print. Up 6+%. Even New York is opening up. Now we’re all opening, what’s next? What’s the next driver? Higher taxes and geo-political goings on. 2 Gold/Silver getting slammed as usual. But they’re recovering quite a bit. Gold futures down just $5. Closed out his GDX trade today. Still holding gold options. Higher lows? Silver consolidation looks better than gold. Base creation.
1. Earnings season is underway and the big boys are reporting this week. Alphabet (GOOG) is up 5% and Microsoft (MSFT) is down 3%, both reported last night. There are many other stocks reporting earnings this week that will be in focus. Apple (AAPL) and Facebook (FB) will report this afternoon. The major stock indexes are basically flat and seem to be treading water at this time. Volume is a key for me and it remains extremely light at this time. At this time, I'm really not very impressed by the market reactions to most earnings reports. 2. Later today, the FOMC meeting will conclude at 2pm ET. I do not expect the Fed to change course from the QE unlimited policy, but the verbiage will be important. A Jay Powell press conference will start at 2:30 pm. Sometimes this can move markets. Precious metals, yields, and the U.S. Dollar are all in play after the Fed announcement. It’s pedal to the metal and they can’t stop now or the markets will almost certainly crash. It’s a big blank sandwich and everyone will have to take a bite. Powell is the head carnival barker. A little longer but more and more signs it’s coming to an end. 3. Gold/Silver almost every time there’s a Fed announcement gold and silver get slammed. Gold is poised for a major move higher. Pulled back ahead of the announcement. Let’s see what happens to the
1. We have a mixed market today with no major moves in the indexes. Winner of the day is the Russell, slightly up. This week is really all about earnings. Today, we are seeing Tesla (TSLA) lower by 3.3% after their earnings announcement. This is not having any major effect on the market though. On the flip slide, United Parcel Service (UPS) is surging after earnings and this is helping the transportation stocks.   Tonight, Microsoft (MSFT) and Alphabet (GOOG) are the big mega-caps scheduled to report. They could set the tone for tomorrow. 2. Another NFL player is requesting to get paid in Bitcoin. Crypto mania is running wild. We shall see if he is buying a top or perhaps he is a genius and will be rewarded soon. 3. Gold/Silver gold down slightly, silver up a bit. Pattern is still shaping up.
1. This morning, the major stock indexes are slightly higher to start the week. The trading volume is very light so far. A lackluster session. m This is a big week for earnings, especially for the mega-cap tech stocks. Microsoft (MSFT) and Alphabet (GOOG) report tomorrow afternoon. Apple (AAPL) and Facebook (FB) report Wednesday afternoon. Then Amazon (AMZN) reports on Thursday. There is also a Federal Open Market Committee (FOMC) meeting that begins tomorrow and concludes on Wednesday. While nobody expects the Fed to change course at this stage of the game it will be important to hear what they say. Sometimes they will throw subtle hints at possible changes down the road. It’s a very orchestrated market. Until they lose control. Friday is PPT Day. 2. Gold/Silver gold futures up a buck and miners down slightly. Silver up slightly. A nice sideways pattern that is building towards the $1800 level. A week or so and then we’ll know. The pattern is a solid move.
1. Yesterday afternoon, the major stock indexes sold off after President Biden announced a major hike on the capital gains rate. The news reported in the media was for the capital gains rate increasing to 43.4%  from the current 20% rate for people making over $1 million. That is a dramatic increase if it is implemented. We are really still waiting for more details, but it is safe to say taxes are going up.Today, the major stock indexes are rebounding higher. So it looks like the tax hike fears have faded already. The trading volume is pretty light today so this is usually favorable for a buoyant to upside market. Plus today is a Friday and you know markets do not fall on Friday any longer. When this party ends it ain’t gonna be fun. Right now the trend is up and volume is very light. 2. Gold/Silver getting a pullback from the recent run-up. On 3-30-21 we were under $1700. Now we’re at resistance. GDX is coming off its lows. A little more consolidation. 80 percent tax on Bitcoin coming from the administration?
1. The markets are pulling back a little this morning as we start the day. Earlier today, the Weekly Initial Jobless Claims reported 547,000 new claims, this was below the prior week's revised count of 586,000. Continuing claims fell to 3.674 million from a revised count of 3.708 million. So while this is trending in the right direction, it is just really slow going. Quiet flat day today with some backing and filling. No volume. The market takes the stairs up and the elevator down. Declines on higher volume can easily lead to panics. 2.  Earnings are pouring in and each stock will have to be viewed on an individual basis. Next week is when we will get the large mega-cap tech stocks like Apple Inc (AAPL), Microsoft (MSFT), Facebook (FB), Alphabet (GOOG) and Amazon (AMZN) reporting. 3. Gold/SIlver backing off a little bit today. Futures getting close to the 1800 resistance point. A little backing and filling. Just what the doctor ordered. Silver backing off a little - .19.
1. Markets rebounded after a 2-day pullback. Again, the Dow Jones Industrial Average(DJIA) looks to be leading the major indexes. As I have said before, when the DJIA leads the markets higher I think it is a time for concern. Volume was decent but not heavy. Good day for the Russell 2000. Money goes to the Dow to be parked, not to grow.Earnings season is underway and Netflix (NFLX) was the first big tech stock to report. The stock is trading lower by 7.7% today. 40 point decline. First big tech stock to report. Next week are the big techs reporting. Lots of companies reporting. Get ready, there could be more big moves like this as earnings season kicks into full gear now. 2. Gold/Silver great day for the metals today, gold up .9% just under 1800. A little bit of a tease today. Might be a little backing and filling. GDX was up 1.7%. Silver had a sling shot day. Up 3.9%. Miners in both metals are looking strong. W bottom is coming through. 3. An email from our fan Louis who wanted to know how effective “W” patterns are. 85% effective especially when consolidating off an all time high in August 2020. 4. Gold is up, Bitcoin has been flagging.
1. The major stock indexes are coming under a little selling pressure this morning for the second consecutive session. Earning season is underway and so far, the bright spot for the market has been IBM. Believe it or not, shares of IBM are up 4.7% today after reporting earnings. Later today, Netflix (NFLX) reports earnings after the close. 2. Today, it looks as if Boeing (BA), Goldman Sachs (GS) and Nike (NKE) are weighing on the Dow Jones Industrial Average. Russell 2000 getting clobbered over 2%. There’s no volume behind the decline. Watch for volume. Yesterday there was a slight uptick but nothing substantial. Watch the SPDR’s.3. Gold/Silver marekts are selling off and gold and silver are up. Miners are up 1%. The chart is looking very positive. Let’s see how. 4. Crypto sell-off, looking at the chart we have a parabolic vertical rise looking at the monthly chart. It’s very difficult to know when it’s reversing until we get a high volume days. We might be putting in a major top. It hit 65,500 and now we’re at 55,000. Even if we make a new nominal high, it would be a tweezer top, which is very telling. 5. An interesting analysis of Tesla. Could go down to 400 but could also go to near new highs. Watch the 650 area is a big level according to Nick. Nothing terrible at the moment, but going down to 650 it could face distribution.
1. This morning, the major stock indexes are under a little pressure to start the week. The volume is still light right now so we do not want to make too much out of it at the moment. Earnings season kicks into full gear this week, so a lot of the focus will be on the earnings that get released.  Russell under pressure and starting to show signs of distribution. Down 1.75%. Overall on the weaker side. Semiconductors are down over 2% today. No new highs even with a global chip shortage. This is a huge red flag. More bad news on the way? 2. Bitcoin had a wild weekend, the cryptocurrency crashed this weekend and is down about 10% today. It looks like this decline comes just as, Coinbase (COIN), the main broker for the popular crypto currency came public last week. We’re still testing the 50 day moving average at 50k. If it goes below 46k then look out below. Coinbase could be the key to breaking Bitcoin. Too early to judge Coinbase as a stock yet, it’s too new. 3. Gold/Silver doing quite well, yields are up and gold and silver haven’t budged. GLD gapped down this morning and bounced back and is almost positive. Gold futures were slammed in the morning and has recovered much of its loss. GDX is holding up well. Copper up to $4.24 per pound. Copper has been resiliant. The move has been so intense it could need to consolidate.
1. This morning, the major stock indexes are under a little pressure to start the week. The volume is still light right now so we do not want to make too much out of it at the moment. Earnings season kicks into full gear this week, so a lot of the focus will be on the earnings that get released.  Russell under pressure and starting to show signs of distribution. Down 1.75%. Overall on the weaker side. Semiconductors are down over 2% today. No new highs even with a global chip shortage. This is a huge red flag. More bad news on the way? 2. Bitcoin had a wild weekend, the cryptocurrency crashed this weekend and is down about 10% today. It looks like this decline comes just as, Coinbase (COIN), the main broker for the popular crypto currency came public last week. We’re still testing the 50 day moving average at 50k. If it goes below 46k then look out below. Coinbase could be the key to breaking Bitcoin. Too early to judge Coinbase as a stock yet, it’s too new. 3. Gold/Silver doing quite well, yields are up and gold and silver haven’t budged. GLD gapped down this morning and bounced back and is almost positive. Gold futures were slammed in the morning and has recovered much of its loss. GDX is holding up well. Copper up to $4.24 per pound. Copper has been resiliant. The move has been so intense it could need to consolidate.
loading
Comments 
Download from Google Play
Download from App Store