Morning Market Briefing – How High?

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Morning Market Briefing – How High?

Morning Market Briefing

Morning Market Briefing – How High?

April 12, 2021

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.

A HUGE thank you to all those who attended our Spring Summit this past weekend! If you are interested in any of the offers presented, please email concierge@youcantrade.com for more information. The SPY screamed to new all-time highs on Friday, and the QQQ is coming close. Early market action shows a small move down at the open, but we’ll keep our eyes open for a red-to-green move in the morning. Finding long-side value at these levels can be tough, so most swing traders will be watching some of the laggards in various sectors for some opportunity if/when we resume the upward movement.

The breach of 400 means we keep that price area on watch for short term support.

Using 332 as short term support for now.

Watch List

Symbol Why We’re Watching
QCOM Possible new breakout if 50 SMA holds.
AMD 50 SMA acting as short term resistance.
BAC $40 is a key level which could lead to next breakout.
EXPE Possible breakout above $178.
NFLX Needs $557 level for potential breakout.

YouCanTrade Scanner Ideas

Symbol Idea Direction
CLX Short
AIG Long
AXP Long
MS Long
SBUX Long

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Journaling Your Trades

April 13, 2021

Join trading coach Matt Hensley as he takes you through how he got started journaling his trades and why he feels it’s one of the most important steps to becoming a profitable trader. Each trader will also receive a basic journal template to help get them started.

You will learn:

  • How to journal the mechanics of each trade
  • How to journal your day-to-day trading psychology
  • What to look for in your trade journal to help improve your performance
  • What’s inside Matt’s day trading journal (just a peek!)

 Register for free.

Matt Hensley
Register Now
See all Events
2021-04-12T08:27:53-04:00
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