Morning Market Briefing – Slight Slow Down

Home/Blog/Morning Market Briefing/Morning Market Briefing – Slight Slow Down

Morning Market Briefing – Slight Slow Down

Morning Market Briefing

Morning Market Briefing – Slight Slow Down

July 15, 2021

Do you watch our shows? Start your trading day with “The Trend” at 9am EST and “Beyond The Bell” at 4. Available on the front page of your member’s dashboard!

Good Morning! Big Tech continues to carry to market but both are showing signs of a slowdown to the buying. If this were any other time in the past several years, swing traders would be holding off new long positions in favor of waiting for a pullback for better entries. The past several weeks have not rewarded patience, however, as new high after new high has burned anyone who has prudently waited for a better entry. We may finally be seeing a short term top as tech slows it’s buying, banks reacting negatively to the first round of earnings, and the travel industry in a short term bear market. Even amid predictions of a continued bullish summer, a quick 3-5% pullback would be a trader’s dream as we wait to reload and shoot back to all-time highs.

SPY locked in a three day $435-$438 range.

Watch 8 EMA for support if the QQQs pull back.

Watch List

Symbol Why We’re Watching
CLX Could make quick move to $185 on break of $181.
MAR Options buying and a break of $143 could signal breakout.
PPG Ascending triangle could breakout above $173.
CAT Stuck in a $210-$220 range.
TWLO Long term watch on break of $380-$400 range.

YouCanTrade Scanner Ideas

Symbol Idea Direction
EXPE Short
LYFT Short
MCD Long
BAC Long
DUK Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Swing Trading in Options

July 20, 2021

Do you mostly invest in stocks? Are you good at identifying swing trading opportunities in stocks? Would you like to learn about how you could use stock options as a strategy to try to maximize your gains?
In this webinar, Options Coach Shan Sarkar will take you in a journey of blending stock investing ideas with options trading strategies to help teach you how you might attain new heights in your investment gains. This exclusive webinar will give you a totally different perspective with investment ideas geared towards increasing your returns while reducing risk and investment duration.

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