Morning Market Briefing – Fed Quake

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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
MSFT Long
NFLX Short
LUV Short

For more information on the YouCanTrade scanner, click here. 

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