Morning Market Briefing – Long Weekend

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Morning Market Briefing – Long Weekend

Morning Market Briefing

Morning Market Briefing – Long Weekend

May 28, 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.

Happy Friday! Heading into the long weekend, the markets look poised for a green open. Without major news we would expect a low volume day as traders ready for Memorial Day. However, some stocks can get moving well on days like today, as lower follow means less orders to push through to get above resistance or below support. Our rooms and offices will be closed on Monday. From all of us here at YouCanTrade, Happy Memorial Day and we hope everyone has a wonderful long weekend!

If we open above $420 we need to hold that level into the close for a bigger move into next week.

QQQ needs to clear $335 for next leg up.

Watch List

Symbol Why We’re Watching
AMZN Could pop above $3,300
ZM Possible breakout above $330
WYNN Watch for push above $132
HD If it holds 50 SMA, could make move to $320+
DAL Watch for push above $48.

YouCanTrade Scanner Ideas

Symbol Idea Direction
QQQ Long
UAA Short
FB Long
QCOM Short

For more information on the YouCanTrade scanner, click here. 

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