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Market rebound strongly, Buy the Dip still the strategy for US Markets

Cory댊
July 20, 2021

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show joins me for a focus on the rebound for US markets on the back of the sharp selloff yesterday. Markets have recovered all the losses from yesterday while the US Dollar is also getting a buy and yields are up but only slightly. We discuss the big picture themes that are driving markets over the lower volume summer sessions.

Click here to visit the PreMarket Prep website to follow along with Joel’s market and stock commentary.

Discussion
7 Comments
    Jul 20, 2021 20:27 PM
    Jul 21, 2021 21:01 AM

    An interesting fractal look at GDX (which will disappear if gold goes lower):
    https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=1&dy=0&id=p02803058731&a=995415906

      Jul 21, 2021 21:50 AM

      Thanks for sharing that chart Matthew. Yes, very interesting indeed, especially if the larger more recent pattern resolves to the upside to the same intensity as the smaller pattern did.

    BDC
    Jul 21, 2021 21:41 AM

    An exact 78.6% retracement would be 32.67.

    Jul 21, 2021 21:36 AM
    Jul 21, 2021 21:48 AM

    What kind of fool am I? Yet again Bonzo has thrown caution to the wind and bought even more NSRPF. I can’t help myself.