Joel Elconin - Market Resilience, Value Rotation, and Geopolitical Reactions

Joel Elconin, Co-Host of the PreMarket Prep show and founder of the Stock Trader Network, returns to share his seasoned perspective on a volatile end to the week. Despite overnight geopolitical shocks - including missile strikes into Iran - the U.S. markets staged an impressive rebound, once again showcasing their resilience and buy-the-dip mentality. Joel breaks down the technicals behind this Friday's rebound, why he sees this kind of trading day as more bullish than a straight-up rally, and how investors are reacting to the ever-changing headlines. Key discussion topics: Why Joel sees today’s recovery as a stronger bullish signal than typical rally days The importance of the 6,050 resistance zone in the S&P and what it means heading into next week “TACO trade” (Trump Always Chickens Out) and market reactions to tariff uncertainty Diminishing impact of economic data on market direction Sector rotation: value stocks, defense names, solar, oil, and biotechs coming back into focus Technical levels to watch in small caps (IWM) and oil (USO), and gold’s push back toward all-time highs Global markets outperforming the U.S. in some cases - why Joel is cautious at current levels ➡️ Visit PreMarket Prep and Stock Trader Network for more of Joel's insights.