Morning Market Briefing – The Calm After the Storm

Home/Blog/Morning Market Briefing/Morning Market Briefing – The Calm After the Storm

Morning Market Briefing – The Calm After the Storm

Morning Market Briefing

Morning Market Briefing – The Calm After the Storm

November 11, 2020

Heads up! Two Roads Trading and SCTrade have new live trading schedules. You can catch SCTrade from 9:30-10:30 am and 1-2 pm Eastern, Monday through Friday. You can catch Two Roads Trading from 2-3:30 pm Eastern, Monday through Friday.

First of all, a Happy Veteran’s Day to all those who served! Thank you for your sacrifice and example!

The markets gave us a little chance to breath after the incredible action on Monday. A small bit of sanity returned after the news of progress on a vaccine for COVID-19 was announced just before the markets opened the week. Yesterday, the markets showed a little restraint, with both the QQQ and SPY closing the day not far from where they opened. Today’s price action may set the tone for the next couple of weeks.

SPY showed a rest candle relative to Monday’s price action. Use the high and low of yesterday’s candle as a starting point for support and resistance.

Similar action to the SPY. Tried it’s 50 SMA and bounced in the opening 90 min. 280-285 areas to watch into today’s session.

AAPL sitting right at the convergence of the 50SMA, 8EMA, and 21EMA. Any move above or below those moving average could set a multi day trend.

Watch List

Symbol Why We’re Watching
NFLX Saw some large weekly call buying yesterday
ZM Close to oversold on RSI
BYND A new competitor entered the market in MCD, further pain ahead or ripe for a bounce?
AAPL New Apple made chips power it’s new series of laptops
BA Closed above it’s 200 SMA for the first time in almost a year

Upcoming Earnings

Symbol Date
APD Today
MUFG Today
MFC Today
ATO Today
HUYA Today

Upcoming Event

Trading CME Futures

December 1, 4:30 PM EST

In this presentation, David Lerman of the CME group will cover the characteristics of several CME Group products across different asset classes through the lens of different analytical tools available to traders on the CME Group website. From Options and Treasury analytics to Open Interest analysis to OPEC/Energy meeting tools, CME Group has developed a suite of sophisticated software tools designed to support the trading activity of all futures traders.

Register Now
See all Events
YouCanTrade is an online media publication service which provides investment educational content, ideas and demonstrations, and does not provide investment or trading advice, research or recommendations. Click here to read important disclosure, disclaimer and assumption of risk information. Active trading generally, and options, futures and digital assets trading in particular, may not be suitable for all investors. Past performance, whether actual or simulated, does not guarantee or predict future results.
TradeStation Securities, Inc. provides support and training channels hosted on its affiliate YouCanTrade. Any other services offered/hosted by YouCanTrade are not sponsored, endorsed, sold, or promoted by TradeStation Securities and it makes no representation regarding any YouCanTrade goods or services.
TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
CME GROUP or CME GROUP GLOBE are trademarks of Chicago Mercantile Exchange Inc. and have been licensed by YouCanTrade for use in connection with the FAST channel and the Spring Summit. Any services offered by YouCanTrade are not sponsored, endorsed, sold or promoted by Chicago Mercantile Exchange Inc. or its Affiliates and none of them makes any representation regarding any such goods or services.
Go to Top