Joel Elconin – Market Bounce Continues, Is This The All Clear?
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to weigh in on the rebound in markets broadly to start Q4. Everything is bouncing while the USD and yields are falling. How sustainable is this run after a very tough Q3?
Click here to visit Joel’s PreMarket Prep website to keep up to date on his market comments.
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Yep, a number of silver mining stocks have rallied since the middle of last week along with Silver, and really got moving this week, breaking up to key levels, with many breaking through near-term resistance levels. It remains to be seen if this rally is going to really have some legs and continuation, but a really nice move in the silver stocks kicking off last Wednesday.
Always a great market read from Joel.
Thanks for having him on regularly!
Sure thing BDC. We enjoy our weekly discussions with Joel and value getting his thoughts.
Best $ earners today in best first order: Emerita, Vizsla, Africa Oil, Go Metals, Stillwater Critical, Lion One, Gungnir, Dolly …
% wise: District Metals (might be a Schwab wrong previous day close again), Gungnir, Dolly, Go Metals, Vizsla, Santacruz, Kairos and Africa Oil … been a long time since it was worth mentioning.
Clearly this rapid rise is front running of the coming pivot. Perhaps one more small rate hike. Fomo cannot be underestimated.
First Majestic able to turn its 20 week EMA back up this week. I don’t really want to see a weekly close below that MA in the near term. This could be the beginning of a very large, multiyear rally.