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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