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Joel Elconin – Have We Already Seen The Top For The Markets This Year?

Cory
February 10, 2023
Comments (3)

Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor of the PreMarket Prep website joins us to share why he thinks markets will continue to roll over and we probably have already seen the highs for the year.  He points to the weak earnings season, upcoming inflation data and longer term charts that show the recent rally not breaking the overall downtrend.

 

 

 

Click here to visit Joel’s PreMarket Prep website.

Earnings Season Inflation/Deflation Joel Elconin US Equity Markets
Discussion
3 Comments
    CaliJoe
    Feb 10, 2023 10:10 PM

    I don’t know, maybe Joel is holding shorts
    https://stockcharts.com/h-sc/ui?s=SOXX&p=W&yr=1&mn=8&dy=0&id=p80620414305&a=1351598684&r=1676074107314&cmd=print

    CaliJoe
    Feb 10, 2023 10:14 PM

    https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=1&mn=8&dy=0&id=p92478306303&a=1351600049&r=1676074446048&cmd=print

    Buzz
    Feb 10, 2023 10:47 PM

    If conventional markets are rolling over, a selloff in miners seems to be an early tell. Volume picking up in UVXY, could be smart $$$