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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 September 16, 2013: Summers' Rally

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.

Some highlights:

  • Larry Summers out of the race for Fed Chair, and the market loves it, popping 17 points
  • Apple (NASDAQ: AAPL) not participating
  • Financials getting a boost
  • Tesla (NASDAQ: TSLA) attempting to break out of its trading range
  • Facebook (NASDAQ: FB) approaching resistance at all time high close of 45.04

Check out the video below for a recap of Monday morning's show.

Tags: Dennis Dick Joel Elconin Larry Summers PreMarket Info

Posted in: Technicals Pre-Market Outlook Movers Trading Ideas