Market Clubhouse Morning Memo - June 9th, 2023 (Trade Strategy For SPY, TSLA, META, NVDA, AAPL, And CVNA)
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Market Clubhouse Morning Memo discusses trade strategies for SPY, TSLA, META, NVDA, AAPL, and CVNA. The memo provides price levels, support and resistance indicators, and potential breakouts or reversals for each stock.
June 09, 2023 | 1:45 pm
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NEUTRAL IMPACT
Apple is maintaining above 180.60. If 181.25 is claimed, a rally could reach 182.27. If 180.60 is rejected, downside targets are 179.36 and 178.61.
The memo provides support and resistance levels for Apple, indicating potential price movements. However, the overall market sentiment and external factors may influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Carvana is maintaining support at 23.63. If it remains above this level, targets are 27.21 and 28.69. If 23.63 fails, bearish targets are 20.22 and 18.46.
The memo provides support and resistance levels for Carvana, indicating potential price movements. However, the overall market sentiment and external factors may influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Meta is trying to establish support above 263.19. If regained, the target is 267.54. If 263.19 is rejected, bears may target 261.11 and 258.52.
The memo provides support and resistance levels for Meta, indicating potential price movements. However, the overall market sentiment and external factors may influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVIDIA is trying to regain 390.33 as support. If successful, targets are 392.27 and 394.89. If not, downside targets are 387.85 and 384.49.
The memo provides support and resistance levels for NVIDIA, indicating potential price movements. However, the overall market sentiment and external factors may influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is maintaining support at 428.62, with a higher limit of 429.28. Bullish objectives for the day are 430.05 and 431.04. If 428.62 breaks downwards, bears may target 427.71, 427.08, and 426.37.
The memo provides support and resistance levels for SPY, indicating potential price movements. However, the overall market sentiment and external factors may influence the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla saw a 6% increase overnight after GM and Ford teamed up with the company. If TSLA maintains above 243.98, bullish targets are 252.38 and 257.56. If it breaks 243.98, bears may target 238.50 and 235.74.
The partnership with GM and Ford is significant news for Tesla, which may lead to increased adoption of its technology. This positive development is likely to have a short-term positive impact on TSLA's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100