Daily Market Wisdom with Nick Santiago

1. Market rally after a lower open on the back of the hotter than expected job report. PPI up %0.5, a little hotter than expected. Markets are testing a big head and should neck line. A lot of bumpiness ahead. 2. US Dollar index is falling and that is helping stocks. Dollar has had a good pullback. 3. Oil is pulling back and that is helping markets. 4. Nat gas is breaking out. 5. Gold has caught a...

1. Oil is gaining after the Israel war. 2. Markets are lower this morning, burt they did have a big rally on Friday. The bond market is closed today due to the old Columbus Day holiday now called indigenous peoples day. In the past, when the bond market was closed the stock market would often rally. Remember the old saying, when the cats away the mice will play. 3. Gold is catching a strong bid tr...

1. Market rally after a lower open on the back of the hotter than expected job report. 2. US Dollar index is falling and that is helping stocks. 3. Oil is pulling back and that is helping markets. 4. Nat gas is breaking out. 5. Gold has caught a big bid on the back of the weaker dollar. Visit Nick at: https://Inthemoneystocks.com Visit Kerry at: https://FinancialSurvivalNetwork.com

1. Markets are in a down trend and fear is starting to set in. Yesterday's JOLTS number was a little too hot to handle as good news was bad news once again. The major indexes are trying to gain some traction today, but it is off to a slow start. ISM services PMI came out weaker than expected. 2. There are a couple of positives for the markets today. 1. The US Dollar is finally pulling back. 2. Yie...

1. It is still a fragile market. Last week the major stock indexes closed lower again. Today, the NASDAQ is trading higher but the small caps (Russell 2000) are weak. I'm just expecting more whipsaw going forward. Today is the start of the 4th quarter and everyone will be looking at the payroll report due out on Friday. 2. Energy is pulling back today. Oil is back at $90.00 after chopping around $...

1. The major indexes have been very weak and are trying to bounce a little today. 2. The main catalyst for the recent declines are two fold. First, the strong US Dollar Index (DXY) has been surging higher and that puts pressure on many multinational US equities. Second, it is bond yields. Yesterday, the 2-year note yield traded around 5.15% and the markets did not like that. That is a clear signal...

1. The major indexes sold off last week and are on the weaker side again this morning. The stronger US Dollar Index and higher bond yields are keeping pressure on equities. 2. Today the 10-year note yield is trading around 4.51%. While this affects rates it is still not as important as the 2-year note yield which is trading around 5.12%. If the 2-year yield starts to move into the 5.25 to 5.50% ar...

1. Today is Fed day. Later at 2pm EST the FOMC will announce its interest rate policy for the United States. They are expected to keep the fed funds rate unchanged at 5.25 to 5.50%. Once again, verbiage will be important and can move markets. 2. Bond yields are backing off this morning and that is certainly helping the major stock indexes. Yields have been steadily rising and that is ultimately pr...

1. Weak start for the markets to begin the week. Last week was a very choppy and volatile options expiration and today much slower. 2. The regional banks are on my radar today. The important Regional Bank ETF (KRE) is trading lower by 1.7% and this pattern is signaling a decline down to the $41.00 area. That support level better hold or else this is going to signal another round of problems on the...

1.Its options expiration today. Thank goodness it's over. There was some wild whipsaw action throughout the week as expected. 2. Now, next week will be important as we have the Fed meeting on Wednesday Sept 20th. This will be a very important meeting for the markets. Fed Chairman Powell is expected to keep the fed funds rate unchanged, but once again the verbiage will be a market mover. yields are...

1.The CPI numbers were released today. The August consumer price index rose 0.6% for the month, and was up 3.7% from a year ago. This number was expected so it was not a big surprise to the markets. Core CPI, which excludes volatile food and energy, increased 0.3% and 4.3% respectively, against estimates for 0.2% and 4.3%. The bottom line, the market expects the Fed to keep rates unchanged at the...

1.Today is the 9-11 anniversary. This is often a light volume session that will often finish slightly positive. 2. This Friday is options ex for September. It is a quadruple witching options expiration. That means that four different asset classes will expire this week. It will usually make for a lot of erratic action in many different stocks. Often, stocks that are in the stratosphere will pull b...

1.Quadruple Witching Options expiration is next week. This is the real shark week. Watch for lots of rumors and ridiculous upgrades & downgrades. I always say, expect the unexpected next week. 2. Apple (AAPL) is rebounding a little today after a sharp 2-day selloff. The news out of China is not a shock as it occurs right before options expiration. I love how that happens. 3. Rates and the US d...

1. Markets are under pressure to start the day. Traders and investors are now back from the Labor Day holiday and are taking some chips off the table. 2. Everyone is talking about the oil rally right now. Crude has been very strong recently trading as high as $88.07 a barrel yesterday. It looks overbought to me at this stage, despite the news that Opec and Russia will cut production. While this ne...

1. The major stock indexes are bouncing today continuing the move from late last Friday. This is the final trading week in August and the last week ahead of the Labor Day holiday. There's a chance that we see continued light volume and a gradual float higher into the end of the week. Most often holiday action will favor the upside, but we must not take that for granted. The month of August has bee...

1. The major stock indexes are trying to rebound this week after a brutal 3 weeks of selling pressure. This is due since the markets were oversold in the near term. 2. The Fed pow-wow from Jackson Hole, Wyoming officially kicks off today. We will hear from many of the fed heads today and tomorrow, but Chairman Jay Powell will speak on Friday at 10am ET. That will be the speech that every trader an...

1. Markets are trying to rebound after a tough period last week. Everyone is now looking for Fed Chairman Jay Powell to say the day as the central bank pow-wow from Jackson Hole, Wyoming is held later this week. Chairman Powell is scheduled to give a speech this Friday at 10am ET. 2. Some surprise news came out of China last night. The People's Bank of China lowered its one-year loan prime rate by...

1.Yesterday the S&P 500 Index closed below the 50-day moving average. This is the first time this has happened since March. Today, the markets are trying to bounce and we shall see if the S&P 500 index can climb back above its 50-day moving average. There are lots of money managers that will not buy stock when the S&P 500 trades below this key moving average. 2. Options expiration for...

1.It's that time of the month again! This Friday is options expiration for the month of August. As always, expect the unexpected this week. As long as the volume is light the institutional crowd will move the popular stock prices away from where the small retail options traders have placed their bets. It is also a week of ridiculous upgrades and downgrades and lots of rumors. Most of the rumors ar...

1. Fitch Ratings downgraded the sovereign rating of the U.S. to AA+ from AAA. The agency cited repeated standoffs over the debt ceiling, high and growing general debt burden, and the reluctance to address entitlement spending for the downgrade. I agree with them for all the reasons mentioned. 2. This news is certainly putting pressure on the markets today. Bond yields on the 10-year note are now a...

1.This is a huge week ahead for the markets. Later on August 3rd, we got earnings from AAPL and AMZN. This is the last of the mega-cap tech stocks scheduled to report earnings, but many other names will continue to report for the next 2 weeks. Then on Friday we have the non-farm payroll report, for July. This report is closely watched by every market participant to see if the job market will remai...

1.This morning, we got the highly anticipated PCE number. Apparently it was slightly better than expected. This number is supposedly the Feds favorite inflation indicator. At the moment, the markets are higher and rallying after a reversal sell off yesterday. Yesterday was interesting because the markets reversed downward after news was released that the Bank of Japan (BOJ) would possibly change i...

1. It's Fed Day. The FOMC will make its interest rate decision for the US at 2pm ET. The Fed is expected to raise rates by 25 bps to 5.25-5.50%. Many investors are expecting this to be the last rate hike, but I'm not sure that will be the case. As you all know by now, the 2-year note rate will determine when the Fed is done. Currently the 2-yr yield is at 4.88%. If that starts to climb toward the...

1. The major indexes are starting out the day with a minor rally. Generally, Monday trading sessions in the summer are usually light volume buoyant days. That looks to be what we have today. 2. This coming Wednesday is the highly anticipated FOMC rate decision. This time around it looks as if the Fed will raise rates by 25 basis points. This hike is baked into the cake already so the verbiage will...

1. Earnings are starting to pour in. So far, the financial stocks have held up well after reporting and that has certainly helped the rally. Tonight we get earnings from TSLA, NFLX and IBM. 2. This Friday is the option's expiration for July. As most of the listeners know by now, this is a week of institutional game playing. When you combine options ex with earnings traders should be on guard for l...