Financial Survival Network, Released on 1/24/22

1. Markets are seeing some Monday morning pressure again. Most investors are now looking to the next FOMC (Federal Open Market Committee) for help. The meeting starts tomorrow and concludes on Wednesday. I’m really not sure what the Fed can do this time around to help lift stocks, but you never know. Everyone is looking for capitulation or a wash out right now. There are a lot of geopolitical events taking place right now. Russia/ Ukraine and China / Taiwan are just two in front of us.

2. Bitcoin hits the target just below 35,000 as the pattern suggested. Now it will be important to see what it does going forward. If it breaks 29,000, look out below.

3. Gold is flat and silver is under pressure. Silver is down .60 and under pressure. Gold is hanging in pretty well.

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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