Daily Market Wisdom with Nick Santiago

Earnings are pouring in at this time. Microsoft is the first mega cap stock to report earnings that were not so hot. The stock fell by nearly 3% and recovered and now investors are now thinking that this earnings season could be weak going forward. 1. Today, the markets are selling off and we shall see what the market does by the close. It's been a great rally since January 6th, but now its show t...

The major stock indexes seem to be holding up well to start the day. As you know, there was a strong rally on Friday and that will often signal short term strength early the following week. So while we need to monitor the action each and everyday there does not seem to be many issues today. The semiconductors are acting well today and that tells me that the indexes should be fine today. If that in...

1. Its options expiration for January today. This holiday shortened trading week has been filled with lots of whipsaw. This past Wednesday and Thursday we saw some weakness, but today markets have firmed up and look very strong toda to close out the week. 34,500 is resistance on the Dow 2. Netflix reported earnings last night and that stock is strong today, This may have boosted tech a bit as most...

1.Earnings season kicks off today. The big banks all reported earnings. They started a little weak and have been rallying back from the gap lower open. Everyone should continue to watch the financial stocks very closely as they have been a really good leading indicator. So far from what I see, there is really no harm done today in them. 2. Next week more earnings announcements will be pouring in....

1. The major indexes are all holding up well today. As you all know, the markets surged on Friday after the weaker than expected ISM report. Bond yields also backed off and this helped stocks rally as many investors think the Fed could possibly slow their rate increases. The current fed funds rate is now very close to the 2-year note yield and that is a positive for the central bank. 2. Friday's r...

1. Gold is getting close to its upside potential of $1875, it may overshoot slightly. Gold stocks are up nearly 2%. Silver getting back to $24. It’s been very reslient. Currently overbought, expect a pullback. 2 $TSLA could have a short low in place, but it’s weak overall. Pretty good for a short term bounce. 3. Stocks are rallying with the Russell up nearly 2 percent. Is the January effect in pla...

First a happy and a healthy New Year to all of you out there. 2023 is going to be a year of danger and opportunity. As usual, we start the year out with another amazing call by Master-Trader Nick Santiago. Several weeks ago, when $TSLA was trading around $170, Nick made the seemingly absurd call that it was heading down to $110. Well he was off a little when the stock hit $105 yesterday. 1. It's 2...

1. Stocks are rallying higher to start the day. The news is telling us that the positive reaction to the earnings announcements from Fedex (FDX) and Nike (NKE) are the catalyst. I'm gonna beg to differ, I think it's the Winter Solstice that is helping the markets right now, especially with the markets coming from a very oversold condition. Lets see if it can stick the landing and close positive to...

1.This should be a light volume trading week as we enter the Christmas holiday. There will be a lot of traders and investors taking a break during this historically quiet time of year. Either way, the major indexes had a very rough time last week. The markets are starting to get a bit oversold so some short term bounces are possible soon,, but I would not look for much. 2. Elon Mush Tweets out if...

1. Markets have had a rough week with the major indexes under some slight pressure this morning. This was a week filled with news, The CPI data was released on Tuesday, the FOMC rate decision was on Wednesday and today is a quadruple witching options expiration. I really try not to make too much out of options expiration weeks since there is so much institutional game playing that goes on. Either...

1. It's fed day and every trader and investor is waiting to hear what the central bank has to say. The Fed is expected to raise rates by 50 basis points, this is baked into the market already. So the verbiage will be what matters. Will Chairman Powell have a hawkish stance or a dovish stance. That is the big question today. Recently, Chairman Powell gave a speech where he said the Fed would raise...

1. This is a huge week for markets. Tomorrow the CPI report will be released. This has been the biggest market moving report of the year. Then on Wednesday we have the FOMC rate decision. The Fed is expected to raise rates by 50 basis points, but the verbiage could be the market mover. Recently, Jay Powell started talking about smaller rate increases. Then as if that was not enough we have a quadr...

1. Today, the major stock indexes are trying to gain some traction after a sharp decline from the past 2 sessions. The volume trends have been extremely light as we head into a very important time period. This Friday is teh PPI report, next Tuesday is teh CPPI report and then on Wednesday it will be the FOMC announcement. Then to put a cherry on top we have a quad witch options ex. Wow, that is a...

1. Markets are under pressure again this morning. Lately, we are seeing a lot of weak Mondays and then markets seem to rally back. Everyone is now waiting on the FOMC meeting next week to really get a sense of what Fed Chair Jay Powell is looking to do going forward. In  my opinion, this is still a bear market rally and there are lots of major hurdles ahead. 2. Oil is holding up well today after t...

1. The non-farm payroll report was released today. The BLS tells us that 263,000 news jobs were added. The expectations for new jobs were just 200,000 so this was slightly better than expected. I have not heard anyone talk about seasonality hiring due to the holidays. So I'm not so sure this is that great of a report, but that is my opinion. 2. Oil has been ticking higher again today. Earlier from...

1. Every market participant is waiting to hear from Fed Chairman Jay Powell. He will be giving a speech at 1:30 pm ET today on inflation and employment. This will be his final speech before the December 14th FOMC meeting. As you know, the current fed funds rate is at 3.75%. Chairman Powell has been very hawkish lately and many investors are hoping to see if he pivots and reverses his hawkish stanc...

1. The holiday is over and the markets are coming under a little selling pressure this morning. Last week's light trading volume favored upside and that is what we saw. This week we are seeing some weakness in tech, energy and some retails stocks.  2. Surprisingly enough the leading Chinese ADR's are catching a bid despite protests in China over their zero-covid policy. Stocks such as BAAB, JD and...

1. This is the final trading day before the Thanksgiving Day holiday. Volume trends have been extremely light this week and that should be the case going into Friday. Rarely, do we look for any major decline ahead of a major holiday.  2. Oil has been very volatile this week. Apparently, the EU is looking to impose price caps on Russian oil. I really do not know how that is going to go over, but th...

1. This is a holiday shortened trading week with the markets being closed in the US on Thursday for the Thanksgiving Day holiday. Usually, this is a very light volume trading period before a major holiday. The markets will be open on Friday after Thanksgiving for a half day session. Often, the light volume favors a buoyant to upside market.  2. Oil and energy stocks are plunging lower today after...

1. The major stock indexes are pulling back today. This dip comes as the markets got a little overbought on the daily chart. yesterday, Either way, this is a 'Whipsaw Wednesday' which is usually the most choppy session before an options expiration. Often, rallies will be sold and sell-off will see sharp bounces. As I always say, trade only the best chart pattern setups.  2. Target is getting slamm...

1. There was no red wave sweep. This was something that the market was expecting. Actually, the market was looking forward to gridlock in DC and we shall see if that occurs.  2. The major indexes gapped lower today, but have been bouncing back a bit here so every close will tell me more information. $Meta is laying off 13% of its workforce. One industry group that has caught my eye recently has be...

1. Markets are continuing to trade higher after last Friday's rally. Obviously, everyone is watching the mid-term elections for some clarity. The markets are expecting gridlock to come into play if there is a red wave sweep. Either way, I think it's too late for that as a lot of damage has already been done by this current administration.  2. Twitter is now officially a subsidiary of Elon, Inc. In...

1. Microsoft (MSFT) and Alphabet (GOOG) drop after earnings. Both mega-cap names are falling sharply this morning. MSFT & GOOG are both falling by 7% on the session.  2. Surprisingly enough, the major stock indexes are holding up very well today despite the decline in MSFT and GOOG. This should tell everyone that the market is bigger than any one stock. The Russell 2000 Index (IWM) is trading high...

1. Markets are mixed this morning. The Dow Jones Industrial Average is higher by 0.65%, meanwhile the tech heavy NASDAQ Composite is lower by 1.0%. I'm always sceptical and cautious when the DJIA shows leadership. Either, nothing has changed despite the Fed's chatter of a possible pivot after this next rate hike on November 2nd.  1A. Chinese large caps are getting hammered today. $BABA, JD, BIDU a...

1. It looks like the Fed blinked today. Just before the opening bell a Wall Street Journal headline hit the news wires saying that the Fed will hike 75 basis points on November 2nd and then debate on how to slow rate hikes in the future. There must have been some panic at the central bank as the markets come under pressure. This is certainly the catalyst for our early rally.  2. Natural gas is get...