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Dennis Dick & Joel Elconin

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...

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Benzinga's PreMarket Info Recap for June 13, 2013

Have you ever woken up to find that a stock in your portfolio made a dramatic move overnight? Are you interested in learning how to understand each day's post-market and pre-market moves?

Veteran traders Joel Elconin and Dennis Dick will give you all of the insights that you'll need to get in on the action before the opening bell.

Watch the video below to recap Tuesday morning's show.

Some highlights:

·        S&P futures match low of move(1591) in pre-market

·        No follow through in Gold despite weak global markets

·        Crude attempting to sneak back into the 96 handle

·        PVH Co. (NYSE: PVH) blows away street estimates, tested major resistance at 120.50 in pre-market trading

·        Five Below (NASDAQ: FIVE) beat as well, testing resistance at 37

·        Safeway (NYSE: SWY) rallies on sale of Canadian operations to pay down debt and buy back stock

·        GS downgrades trash haulers Waste Management (NYSE: WM) and Republic Services (NYSE: RSG)

 

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Posted in: News Previews Pre-Market Outlook Trading Ideas