Morning Market Briefing – Summer Vibes

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Morning Market Briefing – Summer Vibes

Morning Market Briefing

Morning Market Briefing – Summer Vibes

June 11, 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 at the top of your member’s dashboard.

Good Morning! The SPY continues its slow bleed up, while the QQQ made a much bigger statement. Early market action shows the blue tech names may want to make their moves today. AAPL, AMD, ZM, NFLX, etc may decide to follow AMZN’s lead in pushing strongly back to highs. We could see a strong push up into the weekend, or the markets could pull the rug out into the weekend. Flexibility and agility in positions and market outlook has been a must for swing traders so far in June. From our team here at YouCanTrade, have a great weekend!

SPY needs to hold $423 into the weekend for next leg up.

QQQs appear headed toward a reunion with all-time highs.

Watch List

Symbol Why We’re Watching
SPCE Social media chatter, possible breakout over $40
TWTR Potential long trigger above 50 SMA.
MSFT Seems to be pushing toward $260.
CVS Possible trigger above 8 EMA.
AAPL Caught between 50 and 200 SMAs.

YouCanTrade Scanner Ideas

Symbol Idea Direction
EA Short
JWN Long
LUV Short

For more information on the YouCanTrade scanner, click here. 

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June 8, 2021

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