Morning Market Briefing – Stonks

Home/Blog/Morning Market Briefing/Morning Market Briefing – Stonks

Morning Market Briefing – Stonks

Morning Market Briefing

Morning Market Briefing – Stonks

January 27, 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.

As we wake up today, we now live in a world where (it appears) a group of retail traders from today’s equivalent of a message board, may have bankrupted a major hedge fund. Say what you want about the GME squeeze, but this is something books will be written about. (Already some great articles making an appearance)

Both the SPY and QQQ looked poised for a run higher yesterday morning, instead coming in a bit before finishing flat to slightly green. This morning we look to open lower. Over the past few months, almost each new all-time high has been followed with either a small pullback or a few days of consolidation, and it appears that this time may be no different.

Upcoming Earnings

Wednesday: AAPL, BA, TSLA, T

Thursday: V, MCD, AAL, LUV, WD

Be sure to check earnings dates before you move into any new positions.

382 continues to be our short term support.

We’ll use 327 as first support on a pullback, then 320. Will likely be responsive to tech earnings over the next couple of weeks.

Watch List

Symbol Why We’re Watching
AAPL Earnings Wednesday
ZM Back below the 21EMA, 350 could be on deck
NFLX Possible base-and-bounce off the 8EMA
MSFT Earnings winner. Needs to hold 230 for next leg up.
NVDA Watching the 550 area here.

YouCanTrade Scanner Ideas

Symbol Idea Direction
MCD Long
PG Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Building A Trading System

One of the most important processes any trader goes through is building out their systems. Whether they start from scratch or are simply modified from other systems, how a trader builds, tests and deploys their systems and strategies is a vital part of a trading career.
Join Matt Hensley as he shows you the building blocks every system has in common: from idea, to testing, to paper trading, to evaluation, to eventual deployment. He’ll also give a sample timeline and share a system he developed over the course of the last six months.You will learn:

  • How to build a system from scratch
  • How to determine which systems are right for you
  • A sample timeline for build out
  • The rules for a system Matt developed last fall and trades daily in his trading room
Matt Hensley
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