Morning Market Briefing – What’s Next?

Home/Blog/Morning Market Briefing/Morning Market Briefing – What’s Next?

Morning Market Briefing – What’s Next?

Morning Market Briefing

Morning Market Briefing – What’s Next?

July 12, 2021

Good Morning! One of the harder things for new traders to learn is that we don’t really care what happens to the markets on a day to day basis. Sure, when we’re in a position we want that position to profit. Outside of that, we don’t have a bias one way or the other, we just know what we’re going to do regardless of what direction things are going (or no direction at all). Designing a plan for each trade, and following through on that plan, is one important step to building a successful trading career. If you are following your plan and losing consistently, you know the plan needs to be changed. But if you don’t have a plan, how do you know any given system or strategy is truly working? Rules-based trading can be a great place for new traders to start. Having a checklist for entry and exit can take away the guesswork and help you find your style. Check out our course offerings more for information!

SPY hit new highs again on Friday. $430 short term support.

QQQ in spitting distance of new highs.

Watch List

Symbol Why We’re Watching
AAL Potential breakout above 8 EMA.
NVDA Pulled back off highs, could make a quick move on confirmed break of $800.
ROKU Lots of options buying last week.
TWTR Needs another push above $70 to reclaim upward movement.
CAT Possible breakout above $221

YouCanTrade Scanner Ideas

Symbol Idea Direction
MNST Short
JWN Short
MCD Long
MS Long

For more information on the YouCanTrade scanner, click here. 

Upcoming Event

Globex Highs and Lows

July 13, 2021

With Jerry Baldwin, YouCanTrade Futures Coach
In this webinar, Jerry Baldwin, Futures Coach, will talk about the importance of watching and understanding how the overnight highs and lows can affect your trades. He will also touch on how your strategy may look different when planning for regular trading hours versus overnight trading hours.
You will learn:
• How to identify trading opportunities around the Globex levels
• How to increase trading probabilities when trading during high volume hours
• How to identify higher probability trading areas

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