Financial Survival Network, Released on 12/8/21

1. Markets are stalling after a two-day short squeeze rally. This December has seen very volatile, chaotic and unprecedented action for the month. Generally speaking, this is not healthy price movement and it warrants caution into the end of the year.

2. The omicron variant is now being viewed as mild. Originally, the day after Thanksgiving this variant was being hyped up like it was the mother of all variants. These big pharma guys like Pfizer (PFE) are saying a booster shot solves the issue. I find it ironic that a booster shot is the answer to all the issues. The big question is how many boosters will be required?

3. Gold and silver are trying to bounce here, but the bounce looks weak for now.

4. Bitcoin broke below the key 52,000 level. It is still holding above its 200-day moving average on the daily futures chart so it may recover by the end of the week. Either way, it looks weak now and a weekly close down here is a very negative sign for the popular crypto currency.

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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