Market Crash Avoided? with Nick Santiago (Ep #534)

October 11, 2023

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.

Today:

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 big bid on the back of the weaker dollar.

6. Bitcoin is weaker. Daily chart is weak.

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