Daily Market Wisdom with Nick Santiago

This is perhaps our last show1. 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

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

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.

1.The major stock indexes are rallying higher again this morning. Last friday, the S&P 500 Index closed at a new all time high after 2-years. Currently, that market remains strong and in an uptrend. 2. Earnings season kicks into full gear this week. Last week, earnings season began, but the number of companies reporting was very light. This week we shall see earnings from all different industry groups. Buckle up, this could be a wild earnings period. 3. Alternative energy and solar stocks are trading higher today leading the charge. This group could be putting in a bottom as they have been declining since January 2021. This is a solid trade idea for 2024. 4. Gold is trading slightly lower today. There is some minor daily chart support around the $2000 level. Gold support levels and chart patterns will be important to track this year. Right now, Id wait for more information. Silver is very weak again today. This has been lagging gold. Silver has some daily chart support around the $22.00 area in the near term. 5. Bitcoin futures are trading lower today. I see daily chart support around the $39,600 area. So far, since the approval of the Bitcoin spot ETP's the crypto currency has sold off. Visit Nick @ https://InTheMoneyStocks.com

1.The major stock indexes are starting out a little on the weak side today. At this time, the major indexes have been trading in a tight range since mid-December. 2. Earlier this morning, the retail sales report was stronger than expected. This is signaling that consumers are still strong and that might keep the Fed from cutting rates. The next FOMC meeting is on Jan 31st. Personally, I think the Fed is going to sit tight and not cut until the middle of the year if at all. 2A. This Friday is options expiration for the month of January. This is a time to watch for a lot of institutional game playing. This is the week of rumors, wacky news, and ridiculous upgrades & downgrades. In other words, expect the unexpected. 3. Oil is selling off today and is now testing the $71.00 level. A weekly close below the December lows will trigger a sharp sell signal for crude down to the $55.00 level. 4. Gold has been under pressure this week and is down today by 0.50%. There is some daily chart support for Gold futures around the $2000 level. The next key support area will be around the $1900 area. 5. Bitcoin futures are falling today. I'm seeing support on the futures chart around the $39.6000 area in the near term. So far, Bitcoin has been a sell the news event since the EFP approval. Visit Nick @ https://InTheMoneyStocks.com

1.Earnings season kicked off today with JPM and other financial reporting. 2. Oil and energy are rallying after the US and UK conducted strikes against military targets in Houthi-controlled areas of Yemen 3. Next week is options ex for January. 4. Gold and silver are catching an early bid. 5. Bitcoin slumps after spot ETP approval Visit Nick @ https://InTheMoneyStocks.com

1. The fake Bitcoin Tweet heard around the world. The SEC was allegedly hacked. The crypto traders are all awaiting news from the SEC on a spot bitcoin ETF approval by over 10 firms. 2. It's a quiet day for markets, Tomorrow, the CPI number will be released. This has been a market moving number in the past and can be again. 3. The financial stocks have stalled out a little this week, but they have been some of the biggest winners since the rally started in late October. I think this pullback is healthy as this sector was starting to get parabolic. JP Morgan Chase (JPM) has rallied nearly 30% in 2 months. 4. Gold is flat today, but it has been pulling back since December 28th. There is still a lot of daily chart support around the $2000 level. 5. Silver has lagged gold as you know. There is still a lot of support for silver around the $22.00 level on the daily chart. Currently, silver futures are trading around the $23.00 level, but this is minor support right now as it has been tested for a week already. Visit Nick @ https://InTheMoneyStocks.com

Kerry Lutz and Nick Santiago talked about what 2024 has in store for the financial markets. They analyzed the recent movements of the market, including the resurgence of technology stocks and the impact of the Powell pivot. They also discussed the Federal Reserve's monetary policy shifts and their impact on the market, as well as potential indicators of an upcoming recession. Then they moved on to the energy market, precious metals market, and investment strategies.The discussion on the energy market focused on the performance of crude oil and natural gas, with Santiago sharing his trading experiences and challenges. They also discussed the potential impact of the approval of spot Bitcoin ETFs on the cryptocurrency market.Pecious metals were a key topic and Nick highlighted the volatility in gold and the underperformance of silver, as well as the market outlook for 2024.Santiago provided insights on sector analysis and investment strategies, advising against tech stocks in the first half of the year and recommending considering companies that were beaten down last year.They also discussed the housing market, emphasizing the shortage of housing caused by large firms buying houses and reducing supply. The conversation ended with a discussion on the potential for China to invade Taiwan and the potential consequences of such an action, as well as the likelihood of more wars in the coming years and the potential impact of political scenarios on the global economy. Visit Nick @ https://InTheMoneyStocks.com

1.The major indexes are upticking to start the day. Last week was an important time period for markets as Fed Chairman Jay Powell changed his verbiage on interest rates and was basically dovish. I'm sure this week we will hear the fed heads start to talk hawkish as the markets have run a lot since late October. 2. US Steel (X) is going to be bought by Nippon Steel for $55.00 a share. The stock is trading higher by 26.00% on the news. This is helping a lot of other steel related stocks trade higher in sympathy. CLF, NUE and others are trading higher on the news. 3. OIl is catching a big bid today. Attacks on ships in the Red Sea raised concerns of oil supply disruptions. BP and other oil firms said it has temporarily paused all transits through the Red Sea. Ironically, last week the chart gave us a buy signal in crude. Full disclosure, I own the USO. 4. Gold is holding up today trading higher by 0.20%. Last week, gold caught a huge bid after the FOMC announcement. Now it will be all about the pattern that is formed over the next week or two. 5. Bitcoin is trading down by 1% today, but it is still in a trading range just above the $40K level. I think it is going to be range bound until the news of the stop bitcoin ETF is released. Visit Nick @ https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1.It's a big day for markets. First, we had the PPI report today. The Producer Price Index was unchanged month-over-month. Honestly, I don't care about the number, we only care about the reaction. 2. Later today at 2pm ET the FOMC will announce their interest rate policy decision for the United States. I think there is a good chance this is going to be a non-event since everyone knows the Fed is not going to do anything at this meeting. As always, the verbiage and the press conference could be important, but I'm not expecting much. 3. As you know, Friday is going to be a quadruple witching options expiration. This is the week of institutional game playing. There have been lots of rumors, news and ridiculous upgrades/downgrades already this week. 4. Gold is flat today, but it could move after the Fed today so be on your toes. Gold has been trending down and there is some daily chart support around the $1935 area. 5. Silver is also retreating this week. There are two support levels in play. First, it is $22.50 and $21.83. 6. BTC futures are slightly higher today. I think we going to see BTC futures tread here until the announcement of the spot bitcoin ETF's. Visit Nick at https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. Quad witching options expiration this Friday Dec 15th. This is a week for wild news, ridiculous upgrades/downgrades and lots of rumors. Letsthe games begin. 2. Mega cap tech stocks are pulling back today. $AAPL GOOG, AMZN, MSFT and NVDA are just a few leading tech stocks that are down by more than 1% at the open. This is again likely due to options expiration. As a rule, stocks that have been surging will pull back this week, stocks that are in the gutter will often bounce, hence, Cigna (CI). 3. Nat gas (UNG) is getting hammered today trading down by 10% to $2.31. About 2-3 weeks ago the chart started to make small bearish consolidation patterns on the daily chart and that has led to downside. I'm watching this closely as I will be looking to buy this a little lower. I'm sure a lot of today's large decline is options ex related. 4. Gold is under some early pressure trading lower by 0.7%. Often, gold is very vulnerable during an options expiration week. In the past, we have seen some very big declines in the precious metal during a quadruple of options ex week. I'm sure there were lots of call options purchased recently as gold was looking like a possible breakout play. 5. Bitcoin is selling off sharply today trading down by nearly 5% this morning. Again, I think this has a lot to do with options expiration. The recent run in bitcoin has been very large and now we are seeing a pullback today. I'm not expecting too much from here until the spot bitcoin ETF news is announced. Visit Nicks site at:https://inthemoneystocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. The non-farm payroll report was released today. The headline number was a 199,000 job increase in nonfarm payrolls, there was a drop in the unemployment rate to 3.7% from 3.9%. Basically, this was another goldilocks report. It's funny how that has happened a lot this year. 2. The major indexes started weak and rallied up and now it's pulling back a little, but basically flat. Either way, should the market continue to consolidate sideways there is nothing bad when that happens. 3. Next week is options expiration for December. This is a quarterly expiration which we call quadruple witching. This is a time period when we will see a lot of ridiculous upgrades/downgrades, off the wall news and lots of rumors that mostly will be false. Institutional game playing will be in play next week. 4. Oil is bouncing a little today after trading as low as $69.00 a barrel yesterday. I bought USO for a bounce trade here. We are into a heavy travel season and there's a chance that the government may try to fill the SPR at these lows. 5. Gold is falling today. This past Monday we saw a big reversal day in gold so we should expect more of a pullback from that false breakout attempt. The $1930 area is pretty good daily chart support. 6. Bitcoin is holding up well again today. As I have said before, this is going to remain strong until we get the announcement of the spot bitcoin ETF. Visit Nick's site at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. The major indexes are trading higher this morning, but we have been in a range since November 20th. Overall, the major indexes are just consolidating and that is not a bad thing after a big run up like we had since October 27th. Share buybacks at record levels and special dividends are on the rise. 2. Oil is down again today. Crude is now trading at $70.75 a barrel. I'm looking for oil to trade down to the $69.00 area. There will be short term support around that area. Most energy stocks are trading lower right now and that will likely continue in the near term. Natgas has been on the weaker side. Nothing goes up in a straight line. Since 10-31 it has gone on a zig-zag pattern looking for a bottom. 3. Financial stocks are catching another bid today. The important Regional Bank ETF (KRE) is trading higher by 2.15%. This is a bullish indication for the overall markets when this trades higher. Nothing terrible happens when the financial stocks are strong. 4. Gold is catching a bid today. It is rebounding after a sharp 2-day sell off. The reversal on Monday was sharp so we must watch gold closely going forward. It is possible to see more downside in the near term. Either way, if you are a longer term investor, gold is going to eventually breakout, but it has not happened yet. 5. Bitcoin is on fire in anticipation of a spot bitcoin ETF being approved by the SEC. Its now getting overbought, but it will likely hold up into the announcement. Traders should be careful of a buy the rumor sell the news event. Visit Nick's Site at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. Markets are pulling back today. They have been very overbought on the daily chart. 2. Gold is pulling back in a big way today trading lower by 2.3%. Gold was very close to a monthly breakout, but it never confirmed the move and today it is pulling in sharply. 3. Silver is also retreating today. While it has not been as strong as gold recently it has held up well. Today, it is tradling lower by 4.0%... Now we watch for pattern over the next week or so. 4. Bitcoin is sharply higher after the SEC meets with Blackrock about a spot ETF. Visit Nick's site at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1.Markets are trading higher today after the . The catalyst for the move higher was from the second estimate for Q3 GDP showed real GDP increasing at an annual rate of 5.2%. This number was expected to be strong but was better than expected. Later today, the Fed's Beige Book will be released at 2pm ET. 2. The Russell 2000 Index (IWM) is the big winner so far today. As many of you know, when the small caps lead markets it tells us that risk is on. That is the case today. 3. Oil has been ticking up this week ahead of the OPEC meeting. Apparently, OPEC is looking for OPEC+ to cut production. We don't know if that is going to happen. Either way, the chart is telling me crude is going down to the $69-70 level. 4. Gold has been a powerhouse lately. Yesterday, the precious metal surged and today it is slightly higher. Please understand, gold has not broken out yet, but it is getting close. 5. Bitcoin is pulling back a little today, but it does not seem as if anything is wrong yet.The daily chart is fine and the short term trend is up. Visit Nick at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. The holiday is over and the markets are stalling out a little to start the week. These markets are very overbought on a daily chart basis. A pullback or some consolidation is needed after such a big surge. Today is a full moon, let's see if we get a minor pullback for a few days here. 2. New home sales declined 5.6% month-over-month in October to a seasonally adjusted annual rate of 679,000. Expectations were 720,000, this is a miss. The prior month was revised to 719,000 from 759,000. While on the surface this looks bad, we must remember that bad news is often viewed as good news these days. 3. Gold and silver have held up like rocks lately. Today, the precious metals are showing strength again. Gold futures have not broken out yet, but are teasing us as it trades above 2000. Silver is now flirting with $25.00 an ounce. 4. Bitcoin is pulling back today from a short term overbought condition. The pullback does not look damaging to the overall structure which is still bullish.Visit Nick at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. Nvidia (NVDA) earnings are the talk of the day. The stock is trading lower by 3.0%. The earnings were very strong as expected, but the stock had run higher recently with the overall stock market. 2. The major stock indexes are continuing to rally in this light volume holiday session. Often, around major holiday periods we look for light volume and the major indexes will usually remain buoyant. 3. Crude is selling off today trading down by $3.16 to $74.61 a barrell. It looks as if OPEC canceled this weekend's meeting to Thursday, 30 November 2023. According to a Bloomberg report, Saudi Arabia expressed dissatisfaction with other members' oil production levels. Either way, the next support level for crude oil is going to be around the $69-70 level. 4. Gold had another solid day yesterday. Today the precious metal is flat. The chart remains strong and is holding up well at this time. it has not broken out yet, but it is testing the psychological $2000 level again. Should it form a sideways basing pattern it will likely look to breakout soon. I'll be watching this pattern closely. 5. Bitcoin is trading slightly lower today, but the chart remains strong right now as everyone awaits a spot Bitcoin ETF.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. The major indexes have staged a a big rally since October 27th. Now it looks like the markets need to take a breather. Today, the major indexes are slightly higher to start the day. The NASDAQ is leading the charge trading up by 0.50%. 2. Microsoft has now hired the former C3 AI CEO Sam Altman to lead it AI division. The stock is trading higher this morning on the news. MSFT stock is trading at all time highs right now. 3. The decline in bond yields have been the tailwind with the stock market. Today yields on the 10 year note are up 0,028 basis points to 4.47%. The 2-year note yield has also retreated below the important 5.0% level trading at 4.90%. 4. Gold has been holding up very well, especially as the US Dollar Index has sold off. Today, gold is trading lower by 0.58% to 1974 an ounce. This is a chart that needs to be watched closely everyday. I think it is still holding up well at the moment. 5. Bitcoin futures are trading higher by 2.0% to 37,500. Again, the crypto world is holding up well as everyone awaits the spot bitcoin ETFs to get approval. Until the announcement it can still continue to trade higher. Visit Nick at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. Markets are trying to rally again today after yesterday's sell-off. 2. Yields surged yesterday after a weak 30-year US Treasury auction. Today, yields are pulling back a little today. 3. Fed Chairman Jay Powell spoke at the IMF yesterday. He was very hawkish as expected. Remember, this is what he usually does when the markets rally. Today, the markets are shrugging his comments off. 4. Oil is bouncing today from a short term oversold condition on the daily chart. The bigger short term support level is around the $70.00 area should oil begin to break down again. 5. Gold is getting hit hard today falling by more than 1.3%. Gold has been pulling back since October 27th when it traded as high as $2019/ounce. I'd just remain neutral in the short term as we have options expiration in play next Friday. Gold and precious metals will usually get tossed around throughout the week leading up to options expiration. 6. Bitcoin is bouncing higher today after a sharp pullback yesterday. The trend is up and many investors are expecting a spot crypto ETF to get approval soon. We shall shortly. https://IntheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. The major indexes have surged since October 27th when the S&P 500 index traded as low as 4103. Today, the S&P 500 index is trading at 4387. This has been a major surge and the markets likely need a breather soon. 2. Crude oil is down again today trading around the $76.50 area. Even with the Middle East conflict oil has still retreated sharply lower. Remember, on October 20th crude was trading around $90.00 a barrel. This has certainly helped a lot of the leading transport stocks especially the airlines. 3. Gold is backing off today and has been pulling back since October 27 when it traded as high as $2019.00. The current pullback is not terrible and the pattern must be watched closely over the next week or so. The geopolitical events are not likely to go away anytime soon and that could keep a bid in gold. 4. Yields have staged a sharp pullback, but I believe that is all it is. It is difficult for me to see yields tumble much further. The US debt is enormous and yields will not go back to the 2.0% level on the 10-year in our lifetime. 5. Bitcoin is pulling in today, but it has been very strong lately. This will probably hold up into the news of a spot bitcoin ETF. Supposedly the ball in the SEC's court.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1 Markets are struggling. Markets are stalling out. Sellers jump in. A. Geopolitical events. B. Yields are pulling back a little but nobody is buying into it. C. Everyone is scared to hold over the weekend with a war looming. 2. Earnings are out. AMZN & INTC are strong today after reporting. Amazon had a great reaction to its earnings. Intel also had a strong report and both are up 10%. Markets still struggling. 3. Next Wednesday the Fed is going to report their interest rate decision. They are expected to keep rates unchanged, but the wars are hurting the plan. War is inflationary as you know. 4. Gold is holding well. 5. Bitcoin is flat.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1.Earnings are out from MSFT and GOOG. MSFT is strong, the stock trading higher by 3.7%. Google is not doing so well, the stock is trading lower by 8.5%. The tech giant had been a strong chart until today, so the next few days will tell me a lot more. 2. The major stock indexes are under early pressure. Yields are higher on the 10-year note. The 2-year note yield is also holding around 5.09%. The 2-year note yield must drop if this stock market is going to catch a bid. 3. The Middle East crisis is still ongoing and it does not look as if that is going to let up anytime soon. Should that conflict expand it is a big problem for the stock market. 4. Crude oil is trading slightly lower today, but it has pulled back sharply. I'm going to remain neutral because of the Middle East conflict. If there were no major geopolitical events in the Middle East I would actually be bearish oil. 5. Gold is catching a bid this morning. It is holding up very well right now, especially after forming a daily chart parabolic pattern. Remember, should gold consolidate further it will likely trigger a move to the upside. 6. Bitcoin surged this week and is trading higher again today. The catalyst for bitcoin is the expectation that several spot Bitcoin ETF's are about to get approved. It looks like the courts kicked the Decision to the SEC, so it is still a wild card. Visit Nick at: https://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. Options Expiration for October is finally over. Traders and investors can get back trading without so much institutional game playing. This morning, the markets are starting out on the weaker side. The 4189 level should be some support for the S&P 500 Index. It has been tested this morning right after the opening bell. This is going to be a key support level that the markets must hold. 2. There was a big takeover this morning. Chevron (CVX) bought Hess (HES) for $53 billion. I believe that is $171/share. Last week, Exxon (XOM) bought Pioneer Natural Resources (PDX). This could start more takeovers and consolidation in the energy group. 3. Yields are still the top topic in town. Today, the 10-year note yield is around 4.914% and the 2-year note yield is at 5.095%. The spread between 2's and 10's is now just 17 basis points. In other words, if the yield curve starts to normalize soon it actually could be bullish for the short term. 4. Geopolitical events are a wild card. I have no idea what will happen in the Middle East. War is inflationary and if it expands to a larger war it will have a very negative effect on the markets. 5. Gold and silver are pulling back a little today. They have both been very strong lately, but need a pullback or a breather after the recent run up since October 6th. 6. Bitcoin is strong today trading higher by 2.5% to 30,600. It looks as if the likelihood of a spot bitcoin etf is likely to be approved and that is the catalyst for the move. A weekly close above 29810 on bitcoin futures would eliminate the current bearish pattern in place.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1. The major indexes are starting out a bit on the weaker side today. Traders should remember this Friday is options expiration for October. Today is Whipsaw Wednesday, which is often the most choppy session of the week before the Friday expiration. Rallies will often be sold and sell-offs will usually see big bounces. Be ready for a market that can be all over the map today. 2. Crude oil is catching a decent bid today trading back to $88.00 a barrel. This move up is solely based on geopolitical fears out of the Middle East. Honestly, I have no choice but to remain neutral on crude with everything going on geopolitically. There are just too many uncertainties in that region. 3. Yields had a huge day yesterday. The 2-year note yield traded as high as 5.20%. Today, the 2-year is currently trading around 5.19%. It is very close to the current fed funds rate which is 5.25 to 5.50%. When the 2-year trades into the Fed funds rate territory that tells investors that the Fed needs to hike. Watch this closely, 4. Gold is on fire this morning again trading higher by 1.75%. Obviously, the geopolitical events are helping gold to catch a bid as a safe haven play. Its getting a little overbought on the daily chart, but it's been strong. If you own it you trail your stop loss, but in this environment I would not sell it if you own it. The same for silver. 5. Bitcoin futures are trading slightly lower on the day. Earlier this week, Bitcoin caught a bid after the SEC did not appeal an earlier court ruling regarding a bitcoin ETF. So that is some bullish news, but the chart pattern on the weekly chart is still bearish.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

1 Earnings season is underway. This morning JPM, WFC, BLK, PNC, UNH & PGR reported earnings. For the most part, JPM is having a great reaction to its numbers. The stock is trading higher by 4.0%. More earnings will pour in next week in other industry groups. 2. The major indexes were trading higher this morning but gave up their gains. They were looking to close out a positive week, despite lots of geopolitical events taking place. This is why we must use charts and not opinions. 3. Next Friday is options expiration for October. Please understand, that is often a week of institutional game playing. As I always say, stocks that are up in the stratosphere are usually due to pullback and stocks that are beaten up can often catch bids. 4. Gold and silver are both strong to start the day, gold up over $50 and silver nearly a dollar. So far, they have acted very well since October 5th. The next gold resistance level in play will be around the $1950 area. The next silver resistance level is around $23.75. 5. Oil is catching a bid this morning. Currently, crude is trading around $85.92 a barrel. I'm keeping a neutral stance on crude due to the geopolitical tension in the Middle East. 6. Bitcoin is upticking a little bit. The pattern on Bitcoin is still bearish according to the weekly chart. Visit Nick at httsp://InTheMoneyStocks.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 trading higher by 1.0%. Gold rallied on friday as the US dollar pulled back and is seeing some interest today. Gold will often do well in times of uncertainty. Silver is also positive today, but gold is stronger right now. 4. Bitcoin is trading lower today by 1.4% to 27,500. Remember, there is a bearish weekly chart pattern on bitcoin that signals a move down to 22K.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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. Yields are also pulling back. This could help the markets to catch a bid from this very oversold condition. 3. This Friday is the non-farm payroll report by the BLS. That could be a market mover. Earlier today, the ADP Employment report indicated that private payrolls grew by 89,000 in September following a revised increase of 180,000 in August. 4. Oil is pulling back today trading lower by 3.00% to $86.50 a barrel. This pullback in crude was overdue. There will now be support around the $82.50 area on the daily chart. 5. Gold has been slammed recently on the back of the strong dollar. It does look as if there is some chart support around the $1820 area. Silver has been beaten up as well and this is weak again this morning. 6. Bitcoin is trading up a little today, but remember it still has that bearish pattern on the weekly chart.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 $95.00 last week. 3. Yields are up again this morning. The important 2-year note yield jumped to 5.11% which is a 6 basis point move higher today. Yields hold the cards . 4. The US dollar is back up this morning. The dollar has been soaring since mid july and it is now trading into some resistance here. around the $106.75 area. Should the US Dollar pullback it would likely be a positive for stocks but that has not happened yet. 5. Gold is getting slammed today. The next major support area that I see for gold futures is around the $1820 level. Silver is also getting hammered today as well falling by nearly 4%. The precious metals are a little tricky here with the strong US Dollar in play. 6. Bitcoin is very strong today trading higher by nearly 5% to 28,695. I'm not sure of the catatlyst for today's strength but that is a solid pop. There should be some resistance around the 29,000 level on Bitcoin futures.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 that the Fed needs to raise the fed funds rate again at the next meeting. Today, the 2-year yield is backing off trading around 5.07% and this is helping stocks to catch a bid. 3. Oil has pulled back recently, but today it is trading higher again today. I still think it is short term overbought, but it has held up well as of late. 4. Gold has pulled back this week and is trading lower again today. Gold futures are now testing the 1900 level. Should this level break down we could see gold fall to around the $1830 area. That is the next major support area on the charts. 5. Bitcoin is catching a bid today. The popular crypto is trading atround 26,500. That is a 1.3% gain. This still has a bearish weekly pattern in place so be aware of that. Visit Nick at: https://InTheMoneyStocks.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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% area then that would be problematic for the Fed and would likely secure another rate hike on the horizon. Believe it or not, stocks can trade higher with higher rates, but they will struggle if the inverted yield curve between 2's and 10's gets wider. Should the spread narrow it could be a positive for stocks. 3. Oil is pulling back a little today. Oil is very extended and overbought on the daily and weekly chart. Traders should still keep a cautious stance since we have lots of geopolitical events that can take place right now. 4.Gold is pulling back a little today . The precious metal has been in a long trading range since June. I'll stay neutral right now until we see more of a pattern develop. In defense for gold, it has held up very well despite the price action and strength in the US Dollar. 5. Bitcoin is weak today trading down by 1.27%. I'm expecting bitcoin to decline as the weekly chart pattern is signaling downside.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 problematic for the Fed. Today, the 10-year note yield is at 4.33%, down 3 basis points. The more important 2-year yield is at 5.06%, down 5 basis points. Remember, should the 2-year yield start to climb back up into the fed funds rate the fed will have a major problem. At the moment, the fed has some wiggle room and can pause. 3. Oil is down ticking a little today after surging to $93.74 a barrel yesterday. High oil prices are a direct tax on the consumer so this must be watched closely. Natural gas is pulling back as well after having a couple of strong sessions. 4. Gold will likely be in play after the FOMC announcement. If the fed sounds dovish, gold should act well. On the other hand, if the fed sounds hawkish and the market believes the fed then gold will likely pullback. One thing is for sure, it will be a mover after the announcement.5. Bitcoin is flat on the flatish side today. The daily chart has had some bounces recently, but the weekly chart is bearish. Visit Nick's site: https://InTheMoneyStocks.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 horizon. The 2023 low for the KRE was at $34.52 so at this time this is just a retrace pattern, but the $41.00 level will be important. 3. The auto workers strike is still going on today. Either way, Ford (F) looks weak on the charts and so does GM. I have Ford ultimately going to $9.00 which could be a good stop to buy the shares. I have GM going to $26.50. and that could be a good bargain as well. 4. Gold is flat this morning. it made a decent comeback last Friday climbing back to its 20-day moving average and remaining above the important 200-day moving average. This keeps gold in a position to fight another day. The DXY is flat today and this will often affect the gold action. 5. Bitcoin is catching a very good pop today. The popular crypto is trading higher by about 3.0%. The pattern on the weekly chart will be important by the end of the weThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 moving higher and this is problematic for the Fed. Today, the 2-year note yield is back around 5.04% and that must be making the central bank uncomfortable. There really isn't much room if this yield keeps rising. Even the 10-year is up to 4.31% right now. 2A. Last night we had two important earnings reports. First Adobe (ADBE) reported and the stock is trading lower by nearly 4%. The other was leading home-builder Lennar (LEN), which is also trading down by 5%. So both of these stocks could be an indication of things to come. 3. Oil prices are pulling back a little today, but they did reach the $91.00 level in overnight trade. Right now crude is around $89.78, so it is backing off. Crude is currently very overbought, but the Opec production cut has been all over the news this week. Perhaps it is an option expiration stunt as we have seen this many times. 4. Gold is catching a bid this morning. It did not have the big decline that we often see during an options expiration week. The chart looks somewhat range bound so the pattern will need to develop further to try and get a good read. Today's close will tell me more. 5. Bitcoin is also trading down a little after holding up this week. I still don't like the price action as the weekly chart is indicating further downside. My Bitcoin futures target is for a decline down to $21,500 area. Visit Nick's Site at: https://InTheMoneyStocks.comVisit Kerry's Site at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 next meeting which is on September 20th. 2. Tomorrow we get the PPI number at 8:30am EST. 3. The ultimate pair trade, Buy Eli Lilly and sell McDonald's. 4. Today, all of the big tech CEOs are meeting in Washington DC. CEO's such as Elon Musk, Mark Zuckerburg, Sundai Pachai and many others are going to talk to the senators about AI. I'm not sure what is going to come out of this. 5. Gold is flat today, but it did pull down a little yesterday. As you know, gold often dips during options expiration so we should not rule that out. There is still some daily chart support around the $1913 level. 6. Bitcoin is trading up today by 0.25%. Bitcoin had a good pop yesterday, but I'm not sure it is anything more than some options expiration game playing this week. Visit Nick at: https://IntheMoneyStocks.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 back and stock beaten up will often catch bids. Just expect the unexpected. 3. This morning, the semiconductors are not participating in the early tech rally. Leading semiconductor stocks such as NVIDIA and AMD are both trading lower. These stocks are also dragging the Semiconductor ETF (SMH) lower. Earlier today, Apple (AAPL) and Qualcomm (QCOM) signed a deal where QCOM will supply chips to Apple for the next 3 years. It's ironic how this news was released this week ahead of options ex. 4. There's a veritable gold rush taking place in weight loss drugs. Eli Lily and Novartis stocks are booming. Lily is up 600% since 2020. Novartis has an over $400 billion market cap. More companies are trying to replicate their success. 5. Gold is trading up a little as the US dollar Index pulls back. We always must be careful with gold this week as it is often vulnerable to institutional game playing during options expiration. 6. Bitcoin is trading down by over 2% today. This chart is not looking very good right now. I'm not seeing any strength in the daily or weekly chart and the next major support area is around the 21.500 area. Visit Nick at: https://Inthemoneystocks.comVisit FSN at: https://FInancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 dollar are pulling back a little today so that is helping the markets a touch. Traders should keep an eye on that 2-year note yield. Currently it is trading at 4.96%, but if it gets back above 5% it will put a lot of pressure on the Fed to raise rates again. The next FOMC meeting is on the 20th. 4. Gold was higher earlier, but it has retreated and is just up by about 0.10% now. The pattern will be important as we go forward. Gold has a tendency to sell off during options ex week. 5. Bitcoin is flat today, but the chart looks very vulnerable to more declines soon.Visit Nick's site at: https://InTheMoneyStocks.comVisit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 news is bullish for the oil price the chart is overbought and extended. If anyone is long oil here I would at least protect the position. 3. Tech is getting hammered today. Apple (AAPL) is trading down by $5.00 today and this will certainly get the antennas up from many investors. This stock is certainly still the market leader despite all the focus being on AI and Nvidia (NVDA). 4. Gold is under a little pressure this morning. It is still trading above some key support levels, but a close below the $1914 level will open the door to lower prices. Silver is also very weak today trading down by 1.4%. Again, the pattern looks very similar to gold right now. 5. Bitcoin futures are under slight pressure today. The bullish pattern that was in place two weeks ago failed and I now look for more downside in the crypto name. My next key suport area is around the 21,500 level. https://InTheMoneyStocks.comhttps://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 been weak and that should continue into September. 2. Economic data has been a bit soft this week and that has helped the rally. Bad news is now good news again. Yesterday, the weak JOLTS report gave the market a jolt to the upside. Today, the second estimate for Q2 GDP growth was marked down to 2.1% from the advance estimate of 2.4%. The GDP Price Deflator also got marked down to 2.0% from the advance estimate of 2.2%. The PCE Price Index got revised lower to 2.5% from 2.6%, as did the core-PCE Price Index, which checked in at 3.7% versus the advance estimate of 3.8%. The bottom line, bad news is good news as investors hope the Fed will cut rates. 3. Yields have backed off this week and that has helped the markets to rally up. The 2-year note yield was above 5% late last week and it is now back down to 4.85%. Remember, if the 2 year note yield starts to climb back up to 5% it will likely spook markets once again. 4. Gold and silver are upticking a little today. Gold is popping up after forming a 4-day consolidating base on the daily chart. This pattern could lead to some more daily chart upside in the near term, but there is some daily resistance around the 1975 level. 5. Bitcoin surged yesterday after a positive court ruling for a Grayscale Bitcoin ETF. So while this was a solid surge there was a bullish chart pattern failure last week. So I would be very careful with Bitcoin futures right now. Visit Nick at: https://inthemoneystocks.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 and investor will be waiting to hear. 3. There have been lots of retail stocks reporting earnings this week. Today, Foot Locker (FL) is blowing up after reporting weak earnings. The stock is trading down by 34% to $15.29 a share. On the flip side, Abercrombiw & Fitch (ANF) is trading higher by 22% after earnings. Playing the earnings game is certainly a dangerous endeavor. 4. Energy stocks are pulling back a little today. Crude oil is flirting with the $80.00 level right now. The big daily chart support area is around the $75.00 level. 5. Gold and gold miners are having a solid day today. Gold is trading higher by 1.0%. Earlier, I was able to close out a solid 26% winner in Barrick Gold call options. That trade was put on last Thursday. I'll likely look to reload on a pullback. Silver is also strong today with a 3.0% pop. I still would like to see another pullback for silver, but the pattern will tell me what to do there. 6. Bitcoin is catching a bid today. I do not like the larger timeframe pattern right now so I ultimately would look for that to trade lower. The next key support level for Bitcoin futures is around the 21,000 level. Visit Nick's Site: https://IntheMoneyStocks.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 ten basis points to 3.45% while the 5-yr rate was left unchanged at 4.20% against expectations for a bigger cut. The bottom line, China has some serious problems right now and the economy is starting to show what the stock charts have been saying for a while. 3. Oil is bouncing a little today after pulling back last week.I'm in the camp that oil has made a near term top on August 10th at 84.89. A pull back to $75.00 is now in the cards, but it will not go straight down. There are always geopolitical events that can change things at any time. 4. Yields are rising again this morning. The 10-year note yield is now trading at 4.35bit%. As I have said before, yields have a floor under them and should ultimately push higher. The important 2-year yield is now at 4.98%. A move into the 5% handle will likely spook the stock market again. 5. Gold is flat today. The precious metal has been trending lower on the daily chart. It still remains above the important 200-day moving average, but if that gets breached on a daily close it could signal further downside. 6. Bitcoin is flat today. The popular crypto name broke down late last week and now has a failed pattern on the weekly chart. I would run from it now. The best moves come from failed moves and this thing flunked.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 August is this Friday. Expect more whipsaw into the end of the week. This is a time when we see lots of institutional game playing. 3. Bond yields have been strong lately and that is starting to spook markets. The highly followed 10-year note yield is now at 4.21%. The important 2-year note yield is 4.94%. If that 2-year starts to trade above 5% it is going to have the markets getting worried that the Fed may never cut rates again. 4. Gold is flat today. Lately it has been weak and moving lower as the US Dollar has been strengthening. The US Dollar Index (DXY) should be into some resistance around the 103.00 area. Silver is slightly in positive territory today. This looks to be trading into some short term support right now. I'll be watching the pattern closely for clues. 5. Bitcoin is slightly lower today. nothing has really changed over the past few weeks. The daily chart is choppy and sloppy, but the weekly chart is still constructive. I just don't like that the chart is really not making a move higher yet. The weekly pattern can take some extra time, but this is sometimes how it is. This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 are false, but every once in a while they can be true. 2. The major stock indexes have been pulling back since late July. Everyone is now worried about inflation ticking up after the CPI and PPI report signaled that that could be happening. Either way, the August volume trends could save the markets this month, but the dreaded September will be something to look forward to. 3. Today, the financials stocks are under pressure. The Regional Bank ETF is down by 2.15%. This is still one of the most important equities to follow. Remember, in March the banks received a large liquidity injection via the special discount window. That was the start of the big rally. If the banks fall they usually all fall. 4. Oil is also retreating today. Last week, oil traded near the $85.00 area and that looks to be an important resistance level right now. This is an option expiration week so energy stocks could be all over the map. Recently, energy stocks have been very strong. 5. Gold is pulling back a little today trading down by 0.20%. gold has been trending lower recently and is now trading below the important 50-day moving average. Silver is basically flat today. The big daily chart support level is around 21.00. 6. Bitcoin is holding up right now. The daily chart is still sloppy and choppy. The weekly chart looks constructive for more upside. Visit Nick's site: https://InTheMoneyStocks.comVisit FSN at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 at 4.08%. The 2-year is around 4.90% and that is the important yield right now that traders need to focus on. We live in a debt society and that is not going to change anytime soon. 2a. The ADP Employment Change showed a 324,000 increase in private sector payrolls in July following a revised 455,000 increase in June (from 497,000). 3. The US Dollar Index (DXY) is trading higher again today. The dollar has been very strong over the past 12 sessions. This is a very difficult chart to read right now. 2 weeks ago the dollar was crashing and now it reversed course. Obviously, a stronger dollar hurts multinational stocks, but the dollar is still well off of its highs from September 2022 when it traded around 114.00. 4. Gold is flat today after falling yesterday. This is another very choppy daily chart which tells me investors are unsure right now. As I always say, let the pattern unfold and tell us more information. 5. Bitcoin futures are slightly higher right now. The daily chart is sloppy, but the weekly chart still looks fine.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 remain hot. The Fed also views this as part of their mandate so it can certainly be a market mover. 2. This morning, the major indexes are slightly higher to start the day. The small cap Russell 2000 Index (IWM) is holding up the best right now with a gain of 0.70%. The tech heavy NASDAQ Composite is flat right now. This Is the final trading day of July. 3. Precious metals are catching a bid this morning. Silver is even stronger than gold with a1.8% gain. The pattern on silver is going to be important as the precious metal remains above the 20-day moving average. While I would love to see a pullback it is definitely firming up and that could lead to another advance higher. Right now, the $25.50 area is still the daily resistance in play. 4. Oil is up again today. The upside for crude is around the $85.00 area. Currently oil is trading at $81.50. 5. Bitcoin is flat this morning. Again, the daily chart is sloppy, but the weekly chart is still constructive. The commercial money has gone back to the short side. It will be interesting to see how Bitcoin futures play this week.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 its yield curve control policy. Well that news is now out and the Bank of Japan left the policy rate unchanged, but surprised with a tweak to its yield curve control policy, saying it will allow greater flexibility, allowing the 10-yr JGB yield to rise up to 1.0% while maintaining the target at 0.50%. The bottom line, the market doesn't seem to care today about the carry trade being affected right now. 2. Earnings are pouring in and we still have Amazon and Apple scheduled to report next week. Apple will certainly be the more important of the two and that should be watched closely by every market participant. 3. Gold is snapping back today after a sharp decline yesterday. The pattern that forms over the next week will tell me more. Right now there is still a lot of daily chart resistance at $1985 and that level has been important lately. 4. Bitcoin is slightly higher today by 0.5%. The daily chart pattern looks like chaos, but the weekly pattern is still constructive for more upside. Visit Nick at: https://InTheMoneyStocks.comVisit Kerry at: https://FinancialSurvivalNetwork.comThis show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

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 Fed funds rate then there will be a lot of trouble for the Fe dand the stock market. 2. Earnings from MSFT and Google were released last night. MSFT is trading down by 3% and GOOG is higher by 5%. So these mega-cap tech stocks actually canceled each other out today. Next week we get APPL and AMZN earnings. Tonight META will report earnings. 3. The financial stocks are rallying today. This comes after we found out yesterday afternoon that Pacwest Bancorp (PACW) will be taken over by the Bank of California (BANC). This tells us that there is a lot of consolidation that is still to come in the regional banks. Believe it or not, this is why the market has rallied. Since March there has been an enormous amount of money thrown at the financial system. Hence, a stock market rally. 4. Gold is flat today so far, but this can be a big mover after the FOMC announcement this afternoon. 5. Bitcoin is slightly in the green today. Currently, the weekly chart is still OK, but the daily chart is filled with choppiness.This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement