Morning Market Briefing – Another Monday

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Morning Market Briefing – Another Monday

Morning Market Briefing

Morning Market Briefing – Just Another Monday

January 25, 2020

Have you seen our live shows? Join us for “The Trend” each market morning at 9:00AM EST, and “Beyond the Bell” at the close. See what’s trending in the markets and find out what our traders are watching each day! Check them out on the “Insights” tab.

Markets did a bit of a pause on Friday, coming in a bit after consecutive days of new highs. Early Monday action points to a flat to green open. It was a mostly news free weekend, which comes to a screeching halt today with earnings all week.  Here’s a few to watch for:

Tuesday: JNJ, AMD, MSFT, VZ, AXP, SBUX

Wednesday: AAPL, BA, TSLA, T

Thursday: V, MCD, AAL, LUV, WD

Be sure to check earnings dates before you move into any new positions.

382 continues to be our short term support.

We’ll use 323 as first support on a pullback, then 320. Will likely be responsive to tech earnings over the next couple of weeks.

Watch List

Symbol Why We’re Watching
AMD Earnings Tuesday
ZM 390 break for possible next leg up
TWTR Holding 48 could give a quick move to 50.
MSFT Coming into resistance and possible quad top
NVDA Watching the 550 area here.

YouCanTrade Scanner Ideas

Symbol Idea Direction
JNJ Long
M Long
KR Long
SHAK Long
PTON Long

For more information on the YouCanTrade scanner, click here. 

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2021-01-25T08:09:36-05:00
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