Morning Market Briefing – Short Week

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Morning Market Briefing – Short Week

Morning Market Briefing

Morning Market Briefing – Short Week

July 6, 2021

Good Morning! We’re back for a short week this week as early morning morning futures point to a flat opening. Momentum based swing traders will turn their eyes to big tech names like AAPL. ROKU, AMD & MSFT, which are at or near all-time highs. Value based traders will continue to watch travel names such as AAL, UAL, LUV, DAL, TRIP, LVS, as they will have a couple of key sessions coming early this week as they try to gain some momentum to the upside.

A reminder if you’re interested in any of our educational products here at YouCanTrade but aren’t sure where to start, feel free to reach out to our YCT Concierge, who can help you find the next step in your trading journey. Just email to get started!

Watch List

Symbol Why We’re Watching
UBER Breakout potential above $52.
LVS Bottom bouncing play. Could regain buying pressure above $54.
CSCO Possible run if it can reclaim $53.30.
TWTR Could pop above $70.
AAL Watch for push above 8 EMA for short term momentum change

YouCanTrade Scanner Ideas

Symbol Idea Direction
BA Short
MGM Long
HD Long

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Three Things Every New Options Trader Should Know

July 6, 2021

Options are an exciting, and sometimes terrifying, experience for new traders. With far more leverage than stocks, options can make a good day great or a bad day much worse. Often, traders will move into trading options without understanding how they are set up or the way they move. Join Options Coach Matt Hensley as he walks you through his first year of trading options and the lessons he learned.

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