Morning Market Briefing – Shake It Off

Home/Blog/Morning Market Briefing/Morning Market Briefing – Shake It Off

Morning Market Briefing – Shake It Off

Morning Market Briefing

Morning Market Briefing – Shake It Off

December 16, 2020

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.

After a rough Monday session, the SPY shook off the downward price action and pushed higher on Tuesday. News of a possible stimulus and a small amount of possible rotation out of tech pushed the SPY within a couple of points of a new all-time high. The QQQs have had a slow but steady grind up the last two sessions, also closing close to new highs. Volume across the board is light, but steady, and we’ll watch for signs the ‘big’ money is lightening up as we head toward 2021.

From the entire team here at YouCanTrade, we hope you and you family have a wonderful Holiday Season and a Happy New Year!

Strong candle yesterday sets up for run to highs.

Possible flat open. We’ll watch the 60 min opening range.

Watch List

Symbol Why We’re Watching
CRM Holding the 220 level. For now.
DIS Big jump after content announcement. Next run possible above 175.
CVS Watch for retake of the 8EMA trendline, been a wild ride since early November.
PTON Early reviews of Apple’s competition coming soon.
MSFT Still coiled in a tight range between 210 & 215.

YouCanTrade Scanner Ideas

Symbol Idea Direction
NKE Long
MU Long
KSS Long

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Options Trading – Strategies for a Sideways Market

Many investors understand what to do in bullish and bearish market situations, but what about when stocks or ETFs are fluctuating within a trading range? That’s when options may be the difference. After all, they offer an array of opportunities for these situations. Join Ed Modla of the Options Industry Council for a session that reveals in detail three limited-risk options strategies for sideways markets. Strategies discussed will include: Long Call Calendar Spread, Short Straddle and Long Strangle, and Iron Butterfly.

Register Now
See all Events
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