1. Major sell-off day. Every sector is down, including Russell 2000. It led the decline down 3.7% A total blood bath on massive volume. Nick's cautionary words are coming true. Broad-based sell-off across the board. What goes up parabolic will eventually come down the same way. Nasdaq down 3.5%. It's not too late for the trade of the decade. Go over to InTheMoneyStocks.com and findout.Time to rename the site to OutoftheMoneyStocks.com. Lots of froth. Micro-caps and Spacs lead the way down. Nick's end of the year forecast is coming true. Gamestop was up to 184-5 and finished at 108. The bond market is calling the shots. When the bond market talks, you had better listen.
2. Precious metals take a slam. Once the selling starts, everything gets hit. Gold futures down 25. GLD down 3.18. Silver his a little bit as well. Futures down 1.6%. Baby being thrown out with the bath water. Last March could give us insight into what will happen next.
3. No one can ever accuse Nick of FOMO.
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.