6/23: Market Morning Briefing
6/23: Market Morning Briefing
Stock Market Morning Commentary
Top Of The Morning Traders,
The S&P 500 futures point to a strong open, trading around $3,790 which is near our $3,800 key area.
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Make sure to read last night’s mid-week report
Nasdaq Futures are trading above the 9ema this morning and is on the watch for a breakout over $11,700
RAD
Shares of RAD are on the watch for a potential swing trade over $7.20!
This stock has been in a downtrend but, since June 1st it has been seeing higher highs and lower lows and is trying to break out of this downtrend.
Over $7.20 is very appealing for Swing Traders.
Bottom Line
The bottom line is we NEED TO SEE the S&P 500 Futures over $3,800 and to hold over $3,800 for us to get aggressive.
To be a great trader you have to be defensive and aggressive! Knowing when to go in guns blazing and knowing when to sit back and go to the beach or go fishing.
We are waiting for confirmation of the upside over $3,800 but, until then we remain in a downtrend in a rising rate environment…
Last night’s report did feature some stocks that have been acting healthy though so make sure to read that and to watch our video below.