Market Clubhouse Morning Memo - May 25th, 2023 (Trade Strategy For SPY, TSLA, NVDA, AMZN, And MSFT)
Portfolio Pulse from RIPS
Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, NVDA, AMZN, and MSFT, providing price levels based on a proprietary formula. The memo recommends monitoring these stocks for potential breakouts or reversals and adjusting tactics based on market conditions.
May 25, 2023 | 2:14 pm
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POSITIVE IMPACT
NVIDIA had a strong earnings report and could make new all-time highs if 399.50 holds. Downside targets are 384.47, 379.12, and 370.77.
NVIDIA's strong earnings report could lead to new all-time highs if the 399.50 level holds. However, profit-taking could result in downside targets being tested.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon sits between the channel of 115.94 and 117.15. Upside target is 118.05, while downside target is 114.98.
Amazon's short-term price movement will depend on its ability to find buyers or sellers. The analysis provides potential upside and downside targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft is testing the topside level of 323.17. Upside target is 326.05, while downside targets are 321.51, 320.05, and 318.18.
Microsoft's short-term price movement will depend on market sentiment and its ability to maintain the topside level of 323.17. The analysis provides potential upside and downside targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY had a massive recovery bounce yesterday. Today's levels are between 413.59 and 415.08. Upside targets are 415.71 and 416.54, while downside targets are 412.97 and 412.59.
The analysis provides potential upside and downside targets for SPY based on the proprietary formula. The market's reaction to the Fed speeches today will also impact the ETF's short-term price movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla is holding the key level of 186.10. Upside levels are 187.88 and 189.22, while downside levels are 184.10 and 182.53.
Tesla's short-term price movement will depend on its ability to maintain the key level of 186.10 and the overall market sentiment. The analysis provides potential upside and downside targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100