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Start Collecting Dividends -- Nick Santiago 1-21-22 #358

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First published at 17:32 UTC on January 21st, 2022.

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Source:
https://www.spreaker.com/user/appeal2/nick-358

1. Markets remain weak at this time, but are starting to bounce back today. Believe it or not, we are nearing very overbought conditions, so there will likely be some short term bounces soon. Ei…

Source:
https://www.spreaker.com/user/appeal2/nick-358

1. Markets remain weak at this time, but are starting to bounce back today. Believe it or not, we are nearing very overbought conditions, so there will likely be some short term bounces soon. Either way, this is a time to be nimble and very selective in the type of stocks that you own. Growth stocks are out of favor, but they will be the stocks that get the best counter trend bounces. If you are not a seasoned trader then just stay away right now.

2. Gold is holding up very well at this time. This could be due to the fear trade as the stock market drops. Even Bitcoin and the cryptos are falling and gold is holding. So much for crypto being the new gold.

3. Bitcoin looks like it's on its way down to 35,000. Today, the popular crypto is trading down by 10% to the 38,000 level.

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