Morning Market Briefing – Where’s the Beef?

Home/Blog/Morning Market Briefing/Morning Market Briefing – Where’s the Beef?

Morning Market Briefing – Where’s the Beef?

Morning Market Briefing

Morning Market Briefing – Where’s the Beef?

January 15, 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.

As we move into Friday, we’ve seen an unusual market so far this week. Typically, January volume is robust. This week has been anything but. Perhaps waiting out any COVID news, or to see if the new admin will be able to pass their stimulus, the larger volume we’ve come to expect this time of year as the big boys build out their positions for Q1 isn’t really there. Of course, we’ve come to expect the unusual over the past 12 months.

A reminder the markets are closed on Monday for MLK day, and YouCanTrade will be closed as well.

Very tight price action on the week. Rounded top in the making?

Back below short term support at 315.

Watch List

Symbol Why We’re Watching
AMD Coming into support at 90.
FB Closed below 200SMA for first time since April.
FDX Consecutive closes over 8EMA
ZM Strong week so far, if it holds the 21, could run to the 50SMA
NVDA Long Term Watch for breakout above 550 or breakdown below 510

YouCanTrade Scanner Ideas

Symbol Idea Direction
AXP Long
CRM Short
LUV Long
IBM Long
COST Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

10 Things Every Trader Should Know

In the Chinese calendar, 2021 is the year of the ox, a symbol of abundance and manifesting goals. After being involved in the financial markets for more than 25 years, there are things I’ve learned about trading, such as what to do as well as what not to do.
Join Eric Waddell as he discusses the do’s and don’ts of successful trading.

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