Morning Market Briefing – Run to the Top

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Morning Market Briefing – Run to the Top

Morning Market Briefing

Morning Market Briefing – Run to the Top

June 9, 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! Tuesday’s market action in the SPY and QQQ showed what looked like very bullish price action at the open, followed by a greed-to-red pullback and finally a little strength into the afternoon. Early market action points to a green open, and we’ll watch for a push to yet another all-time high in the SPY for confirmation to the upside.

Travel names such as LVS, AAL, UAL, and EXPE, among others will shift into focus as some of the biggest cities and states look to fully reopen in the next couple of weeks. Combine that with sporting events moving to full capacity and a strong economy, we could see a pop in those names heading into the 4th of July.

SPY would be back to new highs on a break of $423.21

Next level up is $340, break of that could see new all-time highs on deck.

Watch List

Symbol Why We’re Watching
SPCE Social media chatter, possible breakout over $40
TWTR Potential long trigger at $59 based on hourly resistance.
UPS Could breakdown below 21 EAM.
LLY Possible breakout above $205 price level.
AAPL Possible base & bounce off the 200 SMA.

YouCanTrade Scanner Ideas

Symbol Idea Direction
JWN  Short
M Long
KO Long

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