Financial Survival Network, Released on 5/18/21

1. It’s a mixed session out here today. The Russell 2000 index (IWM) which represents small cap stocks in the United States is trading higher along with the tech heavy NASDAQ Composite. On the flip side, the Dow Jones Industrial Average (DIA) and the S&P 500 Index (SPY) are slightly negative. As You know, this Friday is options expiration for May. This is usually just going to be choppy week as the institutions will play games with many of the popular stocks into expiration o n Friday.

2. Gold/Silver essentially flat. No big deal. Futures are flat. Good pause day after a move like yesterday.

3. Crypto crumble. Listen to Elon and lose money. Today it’s down to 43k. Did Elon sell futures and not actually sell Bitcoin.

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.

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