Joel Elconin – Market Momentum, Tech Rotation, and the Path to New Highs
In this episode, we welcome Joel Elconin, co-host of PreMarket Prep and founder of the Stock Trader Network, to break down the market’s steady rebound, shifting sector leadership, and what to watch as we approach year-end.
Key Discussion Highlights
- Market Grind Higher
The S&P and Nasdaq continue a slow climb toward all-time highs, with day-to-day rotation across tech, value, and retail. - AI Trade Reset
META cost cuts, Oracle’s struggles, and Google’s new TPU chips highlight a more competitive, and more selective, AI environment. - Seasonality & Fed Expectations
Santa Claus rally patterns, tax-loss selling, and shifting rate-cut odds are shaping year-end behavior. - 2026 Themes
Guests on Joel’s shows continue to flag healthcare strength, selective value opportunities, and resilient retail trends.
Stocks Mentioned: META, ORCL, GOOGL, CRM, BRK.A/B, AMZN
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Investment disclaimer:
This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security. Investing in equities and commodities involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.
4 weeks old video but everyone should watch the Yoda, the great Larry Williams
https://www.youtube.com/watch?v=0Cr95vZX7Kc&t=586s
Sold 50% my shares of HL @$18 to Buy CDE @ $15.80
That trade makes a lot of sense to me Marty. Hecla is getting a bit ahead of itself at this point, while Coeur got way oversold during the recent crash post mid-October through mid-November (and most of the chart damage and valuation discount occurred BEFORE their news on acquiring New Gold was announced).
CDE is going back above $20 and then some. I’ve been adding a bit more to my position in a couple tranches the last 2 weeks as well. Q4 is going to be a monster quarter, with way larger record revenues generated compared to in Q3, and yet the stock has pulled back down hard all quarter long. There is likely going to be a market awakening moment in early Q1 when this quarter gets reported in many stocks, and Coeur is not an exception. I suspect their numbers are going to surprise many to the upside.
They bought most of those assets for paper money and now they collect real hard money from them. Smart…wonder what those sellers are doing with their paper money?
Silver 4 hour, take a look at the Accum/Dist line over the last several months… very impressive.
New all-time high for Silver…
Silver 5m, pilgrim hat with a toilet flush low on the A/D Line…
Just a note, NEWFOUND Gold IN 8 short months has done better than a triple or 3 bagger, Yes looking forward to baseball season 2026 as well.
Santa rally right on cue. Exited silver mining positions and added to NVDA, OKLO, BMNR.
Watch out LULU stock, its ready to rumble.