Market Seasonality, S&P 500 Levels To Watch, And A Look At The Home Builders Data

September 8, 2021

Joel Elconin, Co-Host of the Benzinga Pre-Market Prep Show, joins us today for a recap on the market seasonality from both the old market adage from those of the Jewish faith to sell the markets on Rosh Hashanah prior to Sep 6th and buy back in after Yom Kippur Sep. 16th. This was taken in tandem with where the holidays fell on Labor Day this year, this week’s options expiration and roll to the new contract, and the quad witching coming Sep 17th. We then discuss the technical levels Joel is watching in the S&P 500 and that is still very much staying in trading range and grinding higher. We wrap with some thoughts on the recent home builders figures, as one area of concern to watch.

Click here to visit Joel’s Pre-Market Prep Show.

    Sep 08, 2021 08:56 PM

    STATS Price Quality Wrap-Up :
    Two PM down days after a nice top, with critical levels holding.
    Palladium may be bottoming (low volume saturation, see ‘Related’).
    Uranium may have topped: URNM textbook ‘Hanging Man’ on light volume.

    Sep 08, 2021 08:24 PM

    Same old crap. America goes down the tubes, & gold & silver go down with it

    Sep 08, 2021 08:38 PM

    Wouldn’t it be fiscally responsible to do a federal inventory on Fort Knox? Or am I just a white supremist?

      Sep 09, 2021 09:51 AM

      It would be more beneficial initially to Audit The Fed and Exchange Stabilization Fund to find those that need to go to jail. If can accomplish that, Fort Knox may be moot.