Morning Market Briefing – Unrelenting

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Morning Market Briefing – Unrelenting

Morning Market Briefing

Morning Market Briefing – Unrelenting

June 30, 2021

Do you take your trading “Beyond The Bell?” Join YCT coach Matt Hensley for a unique market wrap show each day at 4:01 EST, right on your member’s dashboard! Each episode is also available on demand for the rest of the evening!

Good Morning! If the past week has shown us anything over the past two weeks, it’s that we could pretty much take the daily market breakdown and copy and paste it into the next day. Once again, both the QQQ and SPY have made new all time highs. Once again, the blue chip tech names led the way with strong buying. Once again, the travel stocks, like airlines and resorts, post red candles. The only small difference in Tuesday’s session was the banks, which had been buying off short term lows, had a red day.

SPY hit new all-time highs again on Tuesday. $425 short term support for now.

Huge day for the Qs on Tuesday. $350 short term support for now.

Watch List

Symbol Why We’re Watching
KHC Watch for push above $41.
AMAT Potential breakout play if it confirms above $142
CSCO Possible run if it can reclaim $53.30.
STX Watch for push above 8 EMA for next leg up.
LOW Needs confirmed break of 50 SMA for next leg up.

YouCanTrade Scanner Ideas

Symbol Idea Direction
AAL Short
INTC Short
PTON Long
HD Long
AAPL Long

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Three Things Every New Options Trader Should Know

July 6, 2021

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2021-06-30T08:00:32-04:00
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