1. Options expiration for May is today. The trading week has been a rollercoaster ride but it looks like we will have a flat week when it is all said and done. Next week is when we can get back to business as this options expiration game playing is behind us.
2. Earlier today, China's Liu He reiterates stance, "crack down on bitcoin" coming; wants to prevent, control financial risks, maintain a steady yuan exchange rate. This is hot off my newswire. Bitcoin is down 8% today.
3. Gold/Silver has been on a rollcoaster ride due to options-ex game playing. A consolidation is definitely called for here. Nick will look to jump back in on a pullback.
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.