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Joel Elconin

Marketfy Maven

About

Joel’s introduction to trading was in the Standard and Poor’s 500 Index futures pit at the Chicago Mercantile Exchange. Also, during his time at the CME, he was involved in Index Arbitrage as well as trading foreign currency futures and options. From 1994-1999 he was a proprietary trader for Olde Discount Corporation. Following his tenure at Olde Discount, he founded the Detroit office of Bright Trading, LLC. His responsibilities included trader recruitment, orientation and education as well as the day to day management of the office. He held this position office until 2003. Since 2003, Joel has been an independent trader researching and developing proprietary indicators and trading systems for the equities and futures markets. In 2007, Joel joined JC Trading Group as a Market Consultant and trading supervisor. He provides daily market commentary at www.premarketinfo.com. Joel obtained his Bachelor of Art in Political Science from the University of Michigan in 1985. Also, he is a graduate of the Chicago Mercantile Exchange Continuing Education Program. He also holds his Series 7 and 63 licenses and is a licensed real estate broker.
March 24, 2014 6:27 AM
Capitulation is a term used by traders that signifies a climactic end to a recent downtrend in the market, coupled with strong volume and a spike do ...
January 28, 2014 3:36 PM
When investing in the biotech and the pharmaceutical arena, there are always plenty of surprises. Following the announcement of drug trials by the F ...
January 27, 2014 11:40 AM
Since August, Carl Icahn has accumulated a large position in Apple (NASDAQ: AAPL), and he has not been afraid to let everyone know it. Almost every tw ...
January 23, 2014 5:03 PM
With US indexes having the worst performance in months, investors are scrambling to find a reason for the steep decline. Mainstream Wall Street pu ...
January 23, 2014 2:47 PM
With identity theft being the number one complaint reported in the US over last 13 years, one company that has profited from this trend is LifeLock ...
January 16, 2014 3:30 PM
Disappointing earnings from Citgroup (NYSE: C), solid earnings from Goldman Sachs (NYSE: GS) but signs of industry weakness, punk guidance from Best ...
January 15, 2014 1:57 PM
Companies attempt to balance the fundamental news they reveal to Wall Street, often balancing the good with the bad and vice-versa. General Motors ...
January 13, 2014 4:14 PM
Depending on the firm, analyst recommendations can have a significant impact on the price of an issue in the long and short term. For example, Go ...
January 13, 2014 2:26 PM
The S&P 500 index futures were range bound Monday-Thursday between 1820 and 1840. This was in anticipation of the Friday's job report. The end r ...
January 10, 2014 5:25 PM
While the S&P 500 index is off less than one percent so far in 2014, one of its top components, Berkshire Hathaway (NYSE: BRK/B) shares have decli ...
January 09, 2014 3:30 PM
Long before Ronnie Moas of Standpoint Research published his controversial report on Philip Morris (NYSE: PM), it did not take much to notice the ...
January 08, 2014 2:08 PM
While the S&P 500 Index is slightly in the red for 2014, Johnson & Johnson (NYSE: JNJ) shares have gained nearly three percent (94.20). Jo ...
January 07, 2014 3:13 PM
By: Joel Elconin VMware (NYSE: VMW) has been assigned a patent for methods and systems “for implementing private allocated networks in a virtual i ...
January 07, 2014 11:40 AM
By: Joel Elconin Not all stocks in Dow Jones Industrial Average participated in the monster rally of 2013. In fact, the DJIA's worst (and only) ne ...

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