Morning Market Briefing – Run to the Top

Home/Blog/Morning Market Briefing/Morning Market Briefing – Run to the Top

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
CSCO Long
JWN  Short
EBAY Long
M Long
KO Long

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
2021-06-09T08:48:20-04:00
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