Morning Market Briefing – June Swoon

Home/Blog/Morning Market Briefing/Morning Market Briefing – June Swoon

Morning Market Briefing – June Swoon

Morning Market Briefing

Morning Market Briefing – June Swoon

June 14, 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 at the top of your member’s dashboard.

Good Morning and Happy Monday! The heat has returned to most of the US and the markets followed suit last week with multiple new highs in the SPY and the QQQs making a run in that direction. Still a few major tech names such as AAPL, INTC, & AMD are still well off their highs. Two things to keep in mind about the upcoming week. 1. Over the past several months, nearly every time the markets have made as many new highs in a week as we saw last week, they pulled back after that. Sometimes the pull back was minor, but as early May in the QQQs showed us, a 5% correction can happen at any time. 2. Monday will be an important day for establishing, and confirming our direction for the week. Watching 30 and 60 min opening range breaks can be a clue as to where the day will head. Have a great day and happy trading!

Monday’s price action will set the SPY’s opening range for the week.

QQQs appears headed toward a reunion with all-time highs.

Watch List

Symbol Why We’re Watching
PTON Strong session Friday, could breakout above 200 SMA.
TWTR Potential long trigger above 50 SMA.
INTC Possible breakout over $58.
FB Move over $333 could see a test of highs.
AAPL Caught between 50 and 200 SMAs.

YouCanTrade Scanner Ideas

Symbol Idea Direction
AAPL Long
NFLX Short
JWN Short
LULU Long
LVS Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

One Quick Rules Based Setup You Can Start (Paper) Trading Tomorrow

June 8, 2021

Rules based trading setups are vital to helping a new trader get out of his or her head and simply follow the rules. Join trading coach Matt Hensley as he walks through a simple, three candlestick pattern he uses on multiple timeframes.

You will learn:

  • A simple rules-based pattern you can start paper trading right away
  • How to get out of your head and keep emotions out of your decision making
  • How to build your trading mindset
Matt Hensley
Register Now
See all Events
2021-06-13T17:57:31-04:00
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