Joel Elconin - A Schizophrenic Market, Stocks That Are Breaking Out
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.
Click here to visit Joel's PreMarket Prep website to keep up to date with the stocks that catch his eye - https://www.premarketprep.com/
Timestamps
0:00 - Recapping the markt moves this week
2:41 - Technical outlook April and May price action
4:46 - Fed meeting recap, higher for longer throughout this year .
7:16 - Sectors that are outperforming
11:45 - Sell in May, what will happen this year?
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Disclaimer: The content in this podcast is not intended to be financial advice. It is meant for educational and entertainment purposes only.
