Morning Market Briefing – Still Going

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Morning Market Briefing – Still Going

Morning Market Briefing

Morning Market Briefing – Still Going

April 14, 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.

A HUGE thank you to all those who attended our Spring Summit this past weekend! If you are interested in any of the offers presented, please email concierge@youcantrade.com for more information. Another day, another new high. Both the SPY and QQQ hit new all-time highs on Tuesday, and are set to open higher still. “Conventional” market wisdom will tell you when this isn’t the time to buy, but collect profits on the longs you already have. But these are far from conventional times. Most swing traders in our sphere are hunting for bargains that have yet to make it all the way up to highs.

Short term support at around 408.

Using 337.50 as short term support for now.

Watch List

Symbol Why We’re Watching
GS Earnings today, range bound between $335 and $350.
WYNN Possible reversal candle Tuesday, watch for move above 8 EMA.
WBA Same pattern as WYNN, needs break of $55.
ZM $350 level on deck. Could bounce off or power through.
NFLX Needs $557 level for potential breakout.

YouCanTrade Scanner Ideas

Symbol Idea Direction
CLX Short
M Long
SHAK Long
MGM Long
TMUS Long

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Build On Your Fundamentals

April 20, 2021

The fundamentals are at the core of everyone’s investment strategy. In this session, trading coach Shan Sarkar explains how you can build your long-term investment goals and portfolio with a focus on fundamental analysis. When the market is uncertain, it’s always wise to go back to the fundamentals. Get strength out of the power of various factors of the fundamentals and re-energize your holdings.

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2021-04-14T08:29:39-04:00
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