• Daily Market Wisdom with Nick Santiago

  • By: Kerry Lutz
  • Podcast

Daily Market Wisdom with Nick Santiago By cover art

Daily Market Wisdom with Nick Santiago

By: Kerry Lutz
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  • Summary

  • 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.
    Copyright Kerry Lutz
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Episodes
  • Google Loses 6.66% — Nick Santiago 1-31-24 Last Episode #666

    Google Loses 6.66% — Nick Santiago 1-31-24 Last Episode #666
    Jan 31 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
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    20 mins
  • Nick’s Big Retirement Announcement — Nick Santiago 1-29-24 #560

    Nick’s Big Retirement Announcement — Nick Santiago 1-29-24 #560
    Jan 29 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
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    14 mins
  • Netflix Earnings Winner -- Nick Santiago 1-24-24  #558

    Netflix Earnings Winner -- Nick Santiago 1-24-24  #558
    Jan 24 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.
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    4 mins
Economics Personal Finance
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