Market Clubhouse Morning Memo - May 23rd, 2023 (Trade Strategy For SPY, TSLA, AAPL, META, And NVDA)
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Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, AAPL, META, and NVDA. Jerome Powell's speech today at 12:30PM EST is expected to bring volatility to the markets. Traders should monitor these stocks and be prepared to leverage potential breakouts or reversals.
May 23, 2023 | 1:34 pm
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NEUTRAL IMPACT
Apple's stock is choppy, with upside targets of 174.05 and 175.09 if 173.24 acts as support. Downside targets are 172.35 and 171.66 if bearish weakness persists.
The article provides potential upside and downside targets for Apple based on recent price action. However, the direction is uncertain and depends on whether the stock can hold its current levels.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Meta Platforms has downside targets of 244.89 and 241.73 if trade remains soft. Upside targets are 249.96 and 252.01 if 247.75 holds as support.
The article provides potential upside and downside targets for Meta Platforms based on recent price action. However, the direction is uncertain and depends on whether the stock can hold its current levels.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVIDIA has upside target of 315.49 if 311.80 holds as support. Downside target is 307.12 if selling persists. Earnings report on May 24th may impact stock price.
The article provides potential upside and downside targets for NVIDIA based on recent price action. However, the direction is uncertain and depends on whether the stock can hold its current levels. The upcoming earnings report may also impact the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY's price levels are being closely watched between 417.47 and 418.17. Jerome Powell's speech today may bring volatility and impact the ETF's price.
The article mentions that SPY's price levels are being closely watched and that Jerome Powell's speech today may bring volatility to the markets. This could impact the ETF's price in the short term, but the direction is uncertain.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Tesla had a bullish day on Monday, with upside targets of 191.52 and 192.88 if 189.22 is reclaimed and held today. Downside targets are 184.10 and 182.53 if weakness persists.
The article provides potential upside and downside targets for Tesla based on recent price action. However, the direction is uncertain and depends on whether the stock can hold its current levels.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80