Morning Market Briefing – Long Weekend

Home/Blog/Morning Market Briefing/Morning Market Briefing – Long Weekend

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
MSFT Long
UAA Short
FB Long
QCOM Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Option Trade Setups for Long Term Investors

June 1, 2021

If you have always thought options trades are risky and only for short term traders, then you’re in for a surprise!!
In this webinar, trading coach Shan Sarkar discusses his unique long-term options strategy and how he has developed it to be a unique tool for medium and long-term investors in value and growth oriented stocks.
How do you roll? How do you manage single leg and multiple legs of the trade? How do you identify the best options set ups in today’s markets?
Jump into this special webinar to discover and change your perspective on stock options strategies.

Register Now
See all Events
2021-05-28T08:53:14-04:00
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