Morning Market Briefing – Fed Quake

Home/Blog/Morning Market Briefing/Morning Market Briefing – Fed Quake

Morning Market Briefing – Fed Quake

Morning Market Briefing

Morning Market Briefing – Fed Quake

June 17, 2021

Good Morning! The fed announcement yesterday introduced some excitement to the markets. Traders will be looking at the 30 and 60 minute opening ranges to determine direction. It is, however, somewhat of a return to normalcy to see the markets reacting (some would say overreacting) to things like rate hikes and inflation numbers. For most of the last 18 months, headlines that feature infections, quarantines, lockdowns, and vaccinations have consumed the financial media. As we push deeper into the summer and the world reopens, we will hopefully see more headlines like we see this morning.

21 EMA on deck below for the SPY.

We’ll use $340 as short term support in the QQQs.

Watch List

Symbol Why We’re Watching
AAPL Needs push over $130.
TWTR Potential long if it retakes the 50 SMA.
INTC Possible breakout over $58.
WFC Possible long above the 8 EMA.
TSLA Potential breakdown below $600.

YouCanTrade Scanner Ideas

Symbol Idea Direction
AAL Short
TSLA Short
NFLX Short
LUV Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Intraday Futures Trading Strategies

June 22, 2021

Join Jerry Baldwin, futures trader, for a high energy knowledge packed webinar about strategies for intraday futures trading.
In this webinar, You will learn:

  • How to put on high probability low risk opening drive trades
  • The importance of trend and an approach to determining it on multiple time frames
  • How to use the Fibonacci drawing tool to ensure you are trading with the proper risk/reward on any time frame
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