Morning Market Briefing – Sky High

Home/Blog/Morning Market Briefing/Morning Market Briefing – Sky High

Morning Market Briefing – Sky High

Morning Market Briefing

Morning Market Briefing – Sky High

December 2, 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.

The SPY and QQQ both made new all-time highs during Tuesday’s session, but were unable to maintain their upward momentum into the close. Without a clear direction in the pre market action, we’ll need to put in a 60 minute opening range to give us some clue as to the session’s outlook. The VIX finished flat to green yesterday but showed signs of life even as new highs in the markets were being hit. While each situation is unique, this scenario has led to short term pullbacks a few times already this year.

A gap-and-go open made a run at session lows in the final hour. Yesterday’s high and low will be areas to watch in the short term.

Very similar action to the SPY, with the 300 level becoming short term support.

Watch List

Symbol Why We’re Watching
PTON One to watch as Apple is close to releasing a competitor
ZM Hard post earnings move, watch for base and bounce around the 400 area
MSFT Range bound between 210 and 218.
NVDA Rejected the 540 level Tuesday, watch for another run this week
NFLX Possible long trigger at 21 EMA, 50 SMA on deck

Upcoming Earnings

Symbol Date
CDMO Today
CRWD Today
FIVE Today
SNOW Today
ZS Today

Upcoming Event

Live Options Trading with Sarah Potter

December 3, 1:00 PM EST

In this online live-trading presentation, Sarah Potter, President of YouCanTrade, will go through the process of identifying options trading opportunities, selecting the correct strikes and expirations, and managing the trade from start to finish. Sarah will also discuss her daily trade routine and tips to help you ramp up the learning curve.

Sarah Potter
Register Now
See all Events
2020-12-02T08:13:26-05:00
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