Daily Market Wisdom with Nick Santiago

1. Markets have come under some early pressure today so it will be important to see how the major stock indexes close. It will also be important to see the volume by the end of the day as well. Lately, every market dip has been a buying opportunity, but all trends eventually come to an end. Russell is down 1.52% and Nasdaq is down as well. Very important 1-2 punch. See what the close is like. Caut...

1 Markets are up across the board. Light volume holiday hangover. Green across the board, gap open but’s it retracted a bit. Russell is neutral. Let’s see what the volume does. Most often there’s light volume after a holiday weekend. At this point anything is possible. We could be seeing distribution. 2. Copper is on fire and has been one of the strongest asset classes around. It has hit and excee...

1. We are looking at a mixed market today, but it's really just a flat session. Markets are holding up well as light volume kept things buoyant this week. The trend is still up despite lots of froth out there and that is really all that matters. Disney earnings and a few others. Nothing really dramatic for now. Stick with trend. Russell is up .2, yesterday it took the day off. Vaccine has set off...

1. Markets are still holding up well today. The Russell 2000 index (IWM) is once again the strongest index out there. Remember, the Russell 2000 represents small cap stocks in the United States. This index has been a good leading indicator and is up 16.0% this year. The problem here  is that the Russell 2000 is extremely overbought and parabolic. Unfortunately, all parabolic moves are eventually s...

1. Markets are all trading higher this morning. The Russell 2000 Index (IWM) is continuing to lead the indexes on a percentage basis today (+2.50%). As I've said before, the Russell 2000 Index (IWM) is a great leading indicator. Should the Russell 2000 every reverse then you really want to be careful. So far, no problems yet. Nasdaq almost 1%. Dow and S&P were laggards. On extremely light volume....

1. Today, the major stock indexes are up slightly, but the Russell 2000 Index (IWM) is higher by 1%. Remember, the Russell 2000 Index represents small cap companies in the United States. As long as the small caps rally it is a good sign that the market can continue to move higher. The Russell 2000 is a great leading indicator. So traders must keep an eye on it. A little bit of a scare last week. C...

1. For a second day in a row we are seeing the markets rally. The catalyst seems to be the unraveling of Gamestop (GME) and the heavily shorted stocks that were getting short squeezed. As these stocks have come down the markets have actually rallied higher. The markets seem to be rejoicing that they are back to normal, but are they really? Are things really back to normal. GME slaughter taking pla...

1. This morning, the major stock indexes are trading up a little after being pounded on Friday. The talk of the town is still about these reddit boards or really Wallstreet bets. Now this group is pushing silver as the next great short squeeze. I really dont think this is a great short squeeze play, but I do think silver has all the reasons in the world to go higher eventually anyway.  2. Shortsqu...

1. Gamestop (GME) & AMC Entertainment (AMC) are the talk of the town right now. Yesterday, the popular brokerage firm, Robinhood, restricted trading in GME, AMC and a bunch of other highly shorted stocks. This news caused a major drop in GME stock yesterday. Then before the closing bell yesterday, Robinhood announced that they would allow GME and others to trade again. Earnings from FB, Apple, etc...

1. The markets staged a high volume reversal day by the close yesterday. However, today the markets are rebounding, reversing a lot of the declines from the last session. Gamestop (GME) has become the talk of Wall Street as the stock traded as high as $500.00 a share before the opening bell today. While everyone knows the stock is parabolic it continues to go trade where nobody ever expected. Usua...

1. Wild action continues this morning. Apparently, Gamestop (GME traded as high as $365.00 a share in the premarket. This is a roller-coaster ride that I have not seen before. The word on the street is that there are numerous hedge funds caught on the short side and someone is just squeezing them out. Usually, when something like this has happened in the past it has resulted in a hedge fund or sev...

1. Does it matter, should we care. Earnings, earnings, earnings, it's all about earnings now. Microsoft is scheduled to report tonight after the close along with several other major stocks like Advanced Micro Devices (AMD), Texas Instruments (TXN) and Xilinx (XLNX). Tomorrow afternoon Apple Inc (AAPL) and Facebook (FB) will report earnings, so this is a big week for the markets as far as earnings...

1. It looks like a mixed monday for the major stock indexes. The Dow Jones Industrial Average (DIA) is lower, but the Russell 2000 (IWM), NASDAQ Composite and S&P 500 Index (SPY) are flat/ mildly positive.  2. Game Stop Euphoria on 1/1/21 was $17 and today it just hit $159. Did they come up with a vaccine or is something else afoot? It’s gone parabolic! Nearly a 10 fold increase. Seeing it in Plug...

1. Unemployment 900k new weekly claims. Things could change. Will the lockdowns ever end? UK and Australia are shut down with no place to go. 2. Weaker markets have come back. Dow down slightly, Russell 2000 is up. Light volume helps to keep it going higher. Heavy volume decline, be prepared. Significant earnings reports. IBM reported. Intel down. CSX down. We’re in the heart of earnings season no...

1. This morning, the markets are somewhat mixed. The Russell 2000 Index (IWM, RUT) and the NASDAQ Composite are positive. The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPY) are basically flat. So far, it's a quiet trading session, so we will need to watch the chart patterns very closely now. Earning season getting into full swing. How will the leaders react to news. Caution is the...

1. Markets are in rally mode this morning as we get ready for the inauguration of Joe biden. It will be interesting to see how long the markets will embrace the incoming president. He is expected to eventually raise taxes both corporate and personal, reintroduce regulations, and spend another $1.9 trillion. This is why we use charts and not our opinion. At this time, the trend is up and until that...

1. This morning, the major stock indexes are trading higher to start the week. Technology, banks and small caps are all leading the way. So far, there are no major issues for the markets today. Lot’s of problems on the horizon. Solar stocks and alternate energy stocks have done well in anticipation of Biden. 2. Tomorrow is Inauguration Day. Once the new president is sworn in then we will start to...

1. This morning the major market indexes are starting out a little on the weaker side and selling started to amplify. The trading volumes have picked up which is bearish as witnessed by declining indexes. Russell 2k is pulling back by 1.7%. Nasdaq has rolled over. S&P 500 Spiders down. Volume trends have picked up. Could have something to do with options ex. 100mm shares can be significant. Will t...

1. The Weekly Initial Claims number jumped to 965K. The expectations were around 780K, so this is a very negative number. Obviously, new lockdowns are likely the catalyst for this higher number in weekly initial claims. Continuing claims for the week ending January 2 increased by 199,000 to 5.271 million. If interest rates go higher, could be an interesting challenge in the year ahead. Rates will...

1. Today is basically a flat trading day. This is an options expiration trading week so we might see a little whipsaw in both directions today. Either way, the volume is very light and that continues to favor market upside in the near term. Downticking in Dow and Russell 2k. Wednesday before options ex. Exercise extreme caution. The writing is on the wall. 2. Intel is trading sharply higher today...

1. This morning, the markets are somewhat mixed. The Russell 2000 Index (IWM, RUT) and the NASDAQ Composite are positive. The Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPY) are basically flat. So far, it's a quiet trading session, so we will need to watch the chart patterns very closely now. 2. These alternate energy stocks have been on fire since early November 2020. Today, Plug...

1. Markets are pulling back this morning after a turbulent weekend of geopolitical events. Obviously, Twitter  (TWTR) and Facebook (FB) are the two stocks under some pressure today after banning President Trump and countless conservative voices from their platforms. Amazon Web Services also removed conservative app Parler from its servers. This is really unbelievable to see things like this happen...

1. The election looks to be over and the markets are still holding up fine so far. Yesterday, there was some chaos at the nation's Capitol building. That news caused an afternoon pullback, but markets are now rebounding back up today. Tech is leading the move higher with the NASDAQ trading higher by 1.7%. The Russell 2000 Index (IWM) is also higher and that continues to lead the major stock indexe...

1. Markets started the day mixed after the Georgia run-off election results are likely favoring the Democrats. Right after the opening bell the major stock indexes started to rally. The Dow Jones Industrial Average (DIA), Russell 2000 (IWM) and the S&P 500 Index (SPY) are all sharply higher now. The tech heavy NASDAQ Composite (QQQ, XLK) is still negative , but well off the lows of the day. Russel...