Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Oil Takes a Dive with Nick Santiago (Ep #548)

% of readers think this story is Fact. Add your two cents.


from Daily Market Wisdom with Nick Santiago

For more than 20 years, Master Trader Nick Santiago has been beating the markets. He’s made some incredible calls along the way and now he’s looking to spread the word. There’s no reason that the average trader should be coming up short. So now we’ve started a daily show to bring you up to date on the latest market developments. Nick will be sharing trades and concepts and discussing current trends.

Today:

1. The major indexes are trading higher this morning, but we have been in a range since November 20th. Overall, the major indexes are just consolidating and that is not a bad thing after a big run up like we had since October 27th. Share buybacks at record levels and special dividends are on the rise.

2. Oil is down again today. Crude is now trading at $70.75 a barrel. I’m looking for oil to trade down to the $69.00 area. There will be short term support around that area. Most energy stocks are trading lower right now and that will likely continue in the near term. Natgas has been on the weaker side. Nothing goes up in a straight line. Since 10-31 it has gone on a zig-zag pattern looking for a bottom.

3. Financial stocks are catching another bid today. The important Regional Bank ETF (KRE) is trading higher by 2.15%. This is a bullish indication for the overall markets when this trades higher. Nothing terrible happens when the financial stocks are strong.

4. Gold is catching a bid today. It is rebounding after a sharp 2-day sell off. The reversal on Monday was sharp so we must watch gold closely going forward. It is possible to see more downside in the near term. Either way, if you are a longer term investor, gold is going to eventually breakout, but it has not happened yet.

5. Bitcoin is on fire in anticipation of a spot bitcoin ETF being approved by the SEC. Its now getting overbought, but it will likely hold up into the announcement. Traders should be careful of a buy the rumor sell the news event.

This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at https://www.spreaker.com/show/4295686/advertisement

Click Here to Listen to the Audio

Sign up (on the right side) for the free weekly newsletter.


Source: https://www.financialsurvivalnetwork.com/2023/12/oil-takes-a-dive-with-nick-santiago-ep-548/


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.


LION'S MANE PRODUCT


Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules


Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.



Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.


Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.