Joel Elconin – A Key Shift Has Happened For Investors, It’s Now Sell The Rip Not Buy the Dip

February 22, 2022

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to recap Q4 earnings and the shift in investor strategy away from buy the dip. As weakness continues in the markets, whether from geopolitics or central bank policy, we have seen a clear shift with investors broadly on the sell side rather than the buy side. We discuss where money could rotate if not just into cash.




Click here to visit Joel’s PreMarket Prep website.

    Feb 22, 2022 22:39 PM

    CNBC reports that UBS sees “short-lived” strength for gold before it drops to $1,600 by the end of the year. That article is available to everyone. On the other hand, CNBC also recently reported that Goldman Sachs sees gold hitting $2,150 this year. That article, however, is available only to CNBC “Pro” subscribers.

    If you didn’t already know that Goldman’s prediction is much more likely, this CNBC discrepancy should tip you in the right direction.

    Feb 22, 2022 22:49 PM

    Silver is getting ready to finally take back its 200 day MA and tapped it today before closing 7 cents below it. The KAMA is also now above the 150 day MA for the first time since June.

    Feb 22, 2022 22:58 PM

    Gold vs HUI has now backtested its recently broken fork/uptrend support as well as the 200 day MA so will likely soon resume its trek to much lower levels.

      Feb 22, 2022 22:55 PM

      That’s good news. Maybe I should’ve bought more HL today but I bought more FFOXF instead.
      Finland won the gold medal in men’s hockey so I take that as an omen they will find gold in Finnish Lapland.

    Feb 22, 2022 22:08 PM

    DIA vs GLD seemed to find a little support at its 200 day MA today but I doubt it will hold for long.

    Feb 22, 2022 22:22 PM

    SPY just had its first close below its anchored VWAP based on the March low. Not good for stock bulls…

      Feb 22, 2022 22:27 PM

      Conversely, GDX is bullishly well above its own March low based anchored VWAP and is now working on getting above the one based on its June 2020 low.

    Feb 22, 2022 22:33 PM

    Silver just joined GDX by getting above the anchored VWAP based on the crash lows of March 2020.

    Feb 22, 2022 22:47 PM

    Peter Goodburn on . One hour of great technical conversation. Do yourself a favor and listen. Peter gives some good numbers copper, gold and silver equities, etc., during the coming year and forward. Great listen.

    Feb 22, 2022 22:31 PM

    Was gonna buy some PDN.AX yesterday but fell asleep and didn’t wake up til after the final bell. You see what the Aussie U miners are doing Wednesday AM in Sydney.

    Feb 23, 2022 23:04 AM

    Are My Investments Safe in Canada? | Rick Rule on the “naked, bold, fascist act” of Trudeau…

    Feb 23, 2022 23:52 AM

    GDX vs the stock market is as clearly bullish from several angles as we could hope for yet some still “need” to see such and such to be sure.
    We have an impulsive move of weekly scale off the lows so there will be much more buying on any decent pullback.