Morning Market Briefing – Shake It Off

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Morning Market Briefing – Shake It Off

Morning Market Briefing

Morning Market Briefing – Shake It Off

April 26, 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 on the “Insights” tab.

The markets shook off Thursday’s malaise with a strong push back to highs on Friday. Now as we begin to move into tech earnings this week, we’ll see if the momentum can hold. We remain in need of a technical pullback to set up some more long side value before the next leg up, but we may not see it. Long biased swing traders will be looking toward stocks off their all-time highs for that value if we don’t see a minor correction.

Nice short term support at $411. Might need a day or two for another upside break.

Short term range between $335 and $340.

Watch List

Symbol Why We’re Watching
AAPL Short term resistance break on deck at $135.
FB Possible 8 EMA trigger on move back to $310.
NFLX Possible next leg down on break of $500.
SQ Tightening price action, could break down below $240 or breakout above $250.
AMD Needs push above $84 for move back to $90.

YouCanTrade Scanner Ideas

Symbol Idea Direction
CSCO Long
CLX Short
LYFT Long
NKE Short
CVS Long

For more information on the YouCanTrade scanner, click here. 

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2021-04-26T08:19:59-04:00
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