Financial Survival Network, Released on 5/10/21

1. Today is a much more subdued trading session after yesterday’s wild action. yesterday, the market came roaring back into the closing bell. The Dow Jones Industrial Average (DJIA) actually finished positive by the close. Today, we are back to a much lighter volume session, so it will be important to see the charts by the close.

2. Now this should be the talk of town right now. Yesterday, news was released that Treasury Secretary Janet Yellen said that rates might need to rise to keep the economy from overheating. Last night, she walked back that comment when speaking to the Wall Street Journal CEO Council Summit. She said, “so let me be clear: That’s not something I’m predicting or recommending.”

This should tell every investor that the central bank knows it’s the only game in town keeping these markets up right now.

3. Dogecoin fiasco it was obviously a coordinated hit job on Elon Musk. How else do a hit job on the world’s second richest man? No self-respectiing crypto “investor” would ever sell because of a joke on a lame show.

4. Gold/Silver Still going up. Nick closed IAU options position. We’re at criticial resistance. Once we go above, then it’s off to the races. It all started in late March off “W”.

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He successfully managed money for a large, affluent private client group. Nick is an expert in Technical Analysis. He is a highly regarded and accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. After applying his knowledge to his client base and meeting his personal monetary goals, he decided it was time to begin teaching those interested in learning his trading and investing methodology. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.com and realize his dream of educating others about the truth of the markets. He now co-heads the education department at InTheMoneyStocks and enlightens thousands of members, along with providing consulting services to hedge funds and institutions.

  economy, investing, markets, nick santiago