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
MSFT Long
EA Short
JWN Long
LULU Long
LUV Short

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

One Quick Rules Based Setup You Can Start (Paper) Trading Tomorrow

June 8, 2021

Rules based trading setups are vital to helping a new trader get out of his or her head and simply follow the rules. Join trading coach Matt Hensley as he walks through a simple, three candlestick pattern he uses on multiple timeframes.

You will learn:

  • A simple rules-based pattern you can start paper trading right away
  • How to get out of your head and keep emotions out of your decision making
  • How to build your trading mindset
Matt Hensley
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2021-06-11T08:40:23-04:00
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