On a week with the Fed meeting, jobs data and major tech earnings it’s fascinating to see the market pretty much flat on the week. Joel Elconin, Co-Host of the Benzinga PreMakret Prep Show, is calling this market schizophrenic.
The markets started off the week by selling off only to be bought back on Thursday and Friday. The weak jobs data on Friday is being viewed as a bad news is good news event.
I ask Joel about the short term technical set up for the S&P. He shares a handful of stocks and sectors that are breaking out or simply in uptrends.