Morning Market Briefing – Long Weekend

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Morning Market Briefing – Long Weekend

Morning Market Briefing

Morning Market Briefing – Long Weekend

July 2, 2021

Do you take your trading “Beyond The Bell?” Join YCT coach Matt Hensley for a unique market wrap show each day at 4:01 EST, right on your member’s dashboard! Each episode is also available on demand for the rest of the evening!

Good Morning! Reminder that YCT will be closed Monday, July 5th along with the markets in observance of the July 4th holiday. Also, heading into a three day weekend, we can expect volume to decline heading into the afternoon barring any major news.

The SPY pushed to new highs, again, making this portion of the MMB sound like a broken record. Travel and bank stocks continue to get up off the mat and potentially set up for plays next week with another day of strength. QQQs didn’t amke a new high but shook off some early weakness to finish near their high of day. On behalf of everyone at YouCanTrade, we wish you a wonderful and restful 4th of July weekend!

Yet another strong candle for the SPY. $428 short term support.

QQQ shook off a red morning to finish near highs.

Watch List

Symbol Why We’re Watching
ORCL Watch for push above $79.50
LLY Potential breakout play over $232
CSCO Possible run if it can reclaim $53.30.
TWTR Needs another push to $70 to reclaim upward movement.
AAL Watch for push above 8 EMA for short term momentum change

YouCanTrade Scanner Ideas

Symbol Idea Direction
BA Short
INTC Short
PTON Long
HD Long
EBAY Long

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2021-07-02T07:51:21-04:00
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