Joel Elconin – How Tariffs, Volatility, and Earnings Are Shaping This Market
Joel Elconin, co-host of the PreMarket Prep show and founder of the Stock Trader Network joins us to recap this week in the markets. As volatility surges across U.S. markets, Joel breaks down the key drivers and how traders should be positioning themselves.
Key topics discussed:
- Volatility driven by tariff headlines: Joel highlights how self-inflicted market uncertainty has created extreme swings. The S&P 500 saw a 15% range so far this month, and the NASDAQ posted one of its biggest up days ever after falling consecutive trading days.
- Establishing a new trading range: While recent price action points to a possible bottom, Joel warns we’re still finding the new range. The VIX is calming down, but headline risk remains.
- Earnings season outlook: Delta and JPMorgan started Q1 earnings on a stable note, but the real focus will be on Q2 guidance. In volatile times, even a lack of disaster might be viewed positively.
- Sector exposure and trade risks: Companies with high China exposure (like Apple and Nike) are particularly vulnerable. Joel advises analyzing supply chain sensitivity and tariff impact before jumping in.
Navigating a trader’s market: This environment favors technically-driven, headline-aware traders. Joel shares lessons from recent trades – like scaling into $NVDA near key monthly support – and stresses the need for discipline, risk control, and having a “shopping list” ready.
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CDE:HL I believe CDE has 50-80% more upside in price than HL by the time they report earnings next month based on current prices vs. 14day 70%RSI AND 80%RSI and BBand projections .
I don’t doubt your estimate at all. CDE has trounced HL over the last year+ and it will likely continue to do so (and then some) as silver finally plays catch-up with gold.
GDX is up 24% since Monday’s low.
https://schrts.co/kAzkYKXf
Same for SILJ.
https://schrts.co/DTWGHjui
Silver miners are now the place to be.
SILJ:GDX
https://schrts.co/uVdDqkIz
SLV:GLD
https://schrts.co/IizYDSEG
USD is in bad shape.
https://schrts.co/xzHUssIh
USD weekly
https://schrts.co/pBmnQvhi
The Mexican peso has been working on an important low vs USD for the las 5 months.
https://schrts.co/ftVdVjbc
https://www.tradingview.com/x/yhlGVt9o/
SILVER : Possible Gartley Setup
Can stocks finally bounce vs gold?
Nasdaq 100 vs GLD:
https://schrts.co/ENNddifg
Pretty much the same CDE:ASM
Interesting!
https://schrts.co/iDxpHPTA
ISVLF:ASM
https://schrts.co/ektVqUiG
Last week’s carnage has been completely erased among the gold and silver miners and many like HL are perfectly positioned for big gains.
https://stockcharts.com/sc3/ui/?s=HL&a=1089581432&p=W&yr=5&mn=11&dy=0&id=p34546694809