Market Clubhouse Morning Memo - June 15th, 2023 (Trade Strategy For SPY, QQQ, AAPL, TSLA, MSFT, NVDA, And AI)
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Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, MSFT, NVDA, and AI, providing price levels and potential breakouts or reversals. The Federal Reserve maintained interest rates, but the dot plot indicated a shift towards hawkishness in 2023.
June 15, 2023 | 2:05 pm
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NEUTRAL IMPACT
AAPL is sustaining above 183 and attempting to reclaim 183.38. If successful, upside target is 184.09. If not, downside target is 182.27.
The article discusses AAPL's current price level and potential upside and downside targets. The Federal Reserve's decision and the dot plot's hawkish shift in 2023 may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AI is holding at support level of 40.93. If it holds, upside targets are 42.28 and 43.41. If not, downside target is 39.74.
The article discusses AI's current support level and potential upside and downside targets. The Federal Reserve's decision and the dot plot's hawkish shift in 2023 may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is attempting to reclaim 335.96. If successful, upside target is 337.80. If not, downside targets are 333.46 and 331.24.
The article discusses MSFT's current price level and potential upside and downside targets. The Federal Reserve's decision and the dot plot's hawkish shift in 2023 may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA's rally reversed in premarket. If 425.92 can't be reclaimed, downside targets are 421.35 and 413.76. If reclaimed, upside target is 432.36.
The article discusses NVDA's recent price action and potential upside and downside targets. The reversal of the rally and the Federal Reserve's decision may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is maintaining key level of 363.23. If sustained, upside targets are 364.65, 365.59, and 366.69. If not, downside targets are 361.41 and 360.08.
The article provides key levels for QQQ and potential upside and downside targets. The Federal Reserve's decision and the dot plot's hawkish shift in 2023 may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is rejecting support level at 435.59. If reclaimed, upside targets are 437.02 and 437.92. If not, bear targets are 434.66 and 433.75.
The article discusses the current support level for SPY and potential upside and downside targets. The Federal Reserve's decision to maintain interest rates and the dot plot's hawkish shift in 2023 may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA's 13-day green rally ended. Price action is between 246.16 and 250.23. If bulls push above 250.23, targets are 252.38 and 254.28. If not, downside targets are 243.98 and 241.99.
The article discusses TSLA's recent price action and potential upside and downside targets. The end of the 13-day green rally and the Federal Reserve's decision may impact the stock's short-term price direction, but it is uncertain which direction it will take.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100