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Stock Markets Up With Covid Cases (Podcast with Nick)

Listen to “Markets and Covid Cases Going Up Together – Nick Santiago 7-6-20 #69” on Spreaker.

 

Get all of Nick’s Options Swing Trades here

 

1 They can’t put off the reopening much longer. Why are we shutting down the economy? The numbers have been sketchy from the beginning. We know that the numbers are all fuzzy.

2 Market today. Pretty good start to the week. Broad-based rally, tech still leading, Nasdaq up 2%, retailing up, mining up and the financials. Good to see money going into other sectors besides tech. Narrow based rallies are dangerous. Home builders, restaurants, hotels and healthcare.

3 Gold and silver are up. Prefer not to see a breakout at this point. Looking to get back into gold and silver. Consolidation pattern is preferable. It’s the ultimate insurance policy.

4 Close out the Hyatt trade. Gift that keeps on giving. Closed out for a nice profit. Kerry has personally done 7 winning options trades, 2 are currently open, 1 is a winner the other is a loser, so far.

5 How much capital is necessary in order to make a living at trading? Nick is up 1000% in his options account this year so far. Nick’s client retention rate is upwards of 80%.