Joel Elconin – Trading the Moment in a Goldilocks Market: Inflation Risks, Fed Cuts, and Market Rotation
In today’s KE Report Daily Editorial (Friday, August 29), we welcome back Joel Elconin, co-host of the PreMarket Prep Show and founder of the Stock Trader Network.
Joel breaks down the current market environment, where:
- Broad indexes continue a “melt-up” rally, with leadership rotating between mega-cap tech, value, and small caps.
- Interest rate expectations remain the key driver, fueling strength in rate-sensitive sectors like small caps and biotech.
- Earnings season takeaways, including reactions to Nvidia, Intel, and big tech guidance.
- The impact of government investments in equities and what it could mean for long-term competitiveness.
- Why small caps and financials could still have significant room to run if rate cuts arrive in September.
Joel also shares his candid take on risk management in this environment – why cash is “trash,” how to think about hedging, and why sometimes investors simply need to “trade for the moment.”
Click here to visit Joel’s PreMarket Prep website.
This is the right chart…
Here is the updated version of the first chart I accidently posted…
Another silver update…
Stillwater, PGE, going up but not close to 5 year highs, right now at a congestion zone imo…
Accum/Dist line dropping off a cliff… needs recognition.
That drop off a cliff looks like a great setup for the buyer imo. It looks to me like top-callers are behind the “distribution” in this case. They did the same thing to CDE in April and it’s easy to see why. They had a big unfilled daily gap below and a bearish rounded top. Yet, they were wrong (and I was sure they were at the time). Now it has logged its best monthly close in 9 years.
https://schrts.co/rzngnwPM
I don’t own PGE but it looks as bullish as can be, to me.
Thanks for the analysis, I have owned for years waiting for this to happen.
Bought back into HydroGraph, I think we are seeing institutional buying. This time I will hang on for a longer run because most of the money is made in the medium term. The volume is lower today because a lot of the public has taken today off to make it a 4 day weekend. Ex is probably at the beach enjoying himself as usual, lighting firecrackers, drinking beer, and eating thin crust pizza. LOL! DT 🤣😊👌
Welcome back DT, been nibbling since you left the first time. I think you’re spot on with the institutions, see some big blocks coming in, not stacking blocks, but strategic blocks.
Hi Rod, I’m glad you stayed the course. You must be up, I see a lot of blue sky for a company that can manufacture almost 100% pure Graphene. I only see two problems ahead for us as investors in HydroGraph and both of them are beyond our control and have nothing to do with this company or its product. The first problem is getting bought out on a takeover deal, and the second is a market crash. If The US conventional market crashes all stocks will go down. This stock will like the resource sector come back quicker than the conventional market. If you were invested in 2008 it was really scary, that time they were able to rescue the market with massive currency printing that won’t work well this time because of the size of the debt. If you use stop losses and move them up with your gains you can mostly protect yourself.
Remember all crashes tend to occur in the fall in the September/October time frame. Be careful be safe! Remember if you get stopped out and this stock keeps falling you will be able to buy back in and pick-up a lot more shares at a lower price. DT
DT…that’s great advice, thanks. You and yours have a great Holiday. For me it will be time to get caught up with friends and family!
Gold broke out yesterday and is backing it up today.
https://schrts.co/cMJVMiGk
Today will bring a record high weekly and monthly close to the 40+ year old XAU. Record quarterly and yearly closes are coming soon.
https://schrts.co/dMHSMxZA
It is nice to see gold futures up at new all time highs today to end both the week and the month of August.
Currently gold futures at $3,514
Additionally, silver futures finally have a $40 handle today!
On Trading View, which has already rotated to the higher volume forward month futures contract (displaying as the continuous COMEX contract), they show Silver around $40.65+.
https://www.tradingview.com/chart/?symbol=COMEX%3ASI1%21
Trading View has become so much more reliable than Stockcharts all year long for the gold and silver futures (ever since Stockcharts went off the rails in how they report the gold and silver futures prices for most of this year) It’s really a shame because so many traders were late to recognizing or absorbing the move above $3,300 gold or the initial breaks above $3,509 if they were using stock charts. Same thing when silver first broke above $35 the first couple times or even the first few times above $39 more recently (which one would have totally missed if using Stock charts).
Usually Investing.com is pretty accurate as well for real-time commodities futures prices of gold and silver and copper and oil, but the last few days, they are still not displaying the higher volume forward futures month for silver like TradingView or Yahoo Finance and Bloomberg are. At least their gold futures contract pricing is accurate and up to date though. It so important to be armed with the right technical data, if one is going to be doing technical analysis, and I’ve almost had to quit using stock charts for gold and silver pricing… but of course they are still fine for analyzing equities.
TSX.v, 2 year weekly…
Dan, we have an 18 year monthly breakout in the TSX.v…
https://schrts.co/QpXZtqWH
Huge, breakout month for Hecla:
https://schrts.co/fMjZYMXX
I’m glad I bought DEF.v right into this week’s low…
https://schrts.co/jQsXDuqD
Huge breakout and new all-time high for SILJ…
https://schrts.co/ZGpDXrNw
I posted the following chart in March when CDE was less than half its current price…
https://schrts.co/FttBshtm
https://www.tradingview.com/x/RoPw6FNM/
Natural Gas : Back To Nature!
Natgas ETF is bullish…
https://schrts.co/FIxYwMnf
https://ibb.co/1fjmSBnn
Plenty of Upside 😉
(ETF Effect?)
Nice chart, BDC. Yup, looks like more upside than anyone expects.
KTN.v is ready for action and will surprise a lot people.
https://schrts.co/EHzpnvcp
Gold more than doubled in 30 months when it hit 3500 in April which makes the strong consolidation that followed even more impressive. I wonder how many realize that gold has not had a monthly close below April’s close.
Now it’s time for another 30 percent rise…
https://schrts.co/rSDyCnsP
This shows the significance of .38 for IPT:
https://schrts.co/QtMqWmrW
.70+ is coming soon…
https://schrts.co/vdHMkjyY
I look into each of the charts you continue to post Matthew. As always, thanks for the work you do.
I’m loaded up on what’s probably about 30 PM stocks. I’m seeing 3-5x’s in gains in about a third of them. Goldfields is one of my largest holdings.
I’m not yet into DEF, but did appreciate reading your latest view on it.
I’m into IPT, so am glad to see your regular updating, as well as your latest re: possible near to mid-term target.
Congrats on your returns. If I’m right about the strength of this bull market, the rest your holdings should do some catching up almost regardless of their quality.
Goldfields and the smaller G2 Goldfields are both up big over the last couple of years.
https://schrts.co/ekeNsZUM
Another look at monthly IPT since the month just ended:
https://schrts.co/knUVfByQ
For the record, I am still happy with the purchase of the Plomosas mine. Those who’ve been more concerned about the negative effects of the dilution are shortsighted at best.
The long term charts on a lot of these PM stocks are now showing breakouts—-I would love to see some back off or consolidation for a few days but we may not get it. Having a nice base will now allow the long term holder to really add to the breakouts (heavily) and then hold on long term for a multi month move higher. Thought I would purchase some of that hydrograph stock everyone is touting. We are now for the first time in years seeing a real bull market in these stocks and I would say we’re in about the 3rd inning. GDX has been as high as 160 in the past and we’re only hanging around 60 and in all probability will ultimately challenge that 160 mark. We might see gold now take out its’ previous high and move toward that 4000 level over the next few months.
Not everyone is touting HydroGraph’s stock, one person thought it was a “Pump and Dump”. DT
I’m sitting pretty in Scorpio, Stillwater, Defiance, Excellon, Kootenay, etc …
Threw more $$$ at Brixton.
Been averaging down in CHPGF. Thinly traded & tends to pop should rally follow through—
I added some Brixton yesterday at .075 Cdn.
It had a high volume impulsive breakout and then a deep pullback/backtest and all looks good. The breakout has held along with the rising 30 week MA and the 200 day MA, both of which are widely watched.
https://schrts.co/ARtawHYV
Cool
SLV:QQQ breakout:
https://schrts.co/QGzcqaqi
GDX is a buy versus the semiconductors…
https://schrts.co/yGmIhaxC
The CRB (commodities) has been very weak relative to gold even after becoming very oversold 5 months ago so I’m betting the support that’s held since April will break.
https://schrts.co/WcMNFbYQ
Scorpio, SGN, going up…
https://www.tradingview.com/x/AJZ6oSVu/