Financial Survival Network, Released on 2/23/21

1. Markets are starting the day with a sharp decline. So it will be important to see where they close today. Hence the saying, it’s not how they open, but how they close. There have been so many cases where the markets drop sharply only to reverse higher or significantly off the lows y the end of the day.

2. Today, we are seeing the NASDAQ and the Russell 2000 leading the major stock indexes to the downside. When these indexes lead together it is usually very powerful because investors who own tech and small caps are looking for growth. When the growth stocks fall most everything will decline with them.

3. Gold/Silver more backing and filling. It’s been going on forever and will continue for at least a little while. Silver is still strong. Gold is the weaker metal.

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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