Nick Santiago explains why he’s cautiously optimistic on stocks

Financial Survival Network, Released on 4/6/20

1. Optimism in markets due to the peak in the spread of COVID-19 is behind us. The Spring season is here and there should be less new cases I would assume. This will be with us for a while, but it looks hopeful that there are going to be more tests and therapeutics soon. The charts were telling us this with a bullish formation.

2. Oil popped last week on hopes of a production cut by OPEC and Russia. That meeting was cancelled and is now back on and is expected to take place Thursday. There will be a deal in my opinion. Both Russia and Suadi Arabia are losing in this current standoff.

3. Is Bill Gates running for president? This guy has more opinions about everything lately. He is in the press everyday now.

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 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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