Market Clubhouse Morning Memo - June 21st, 2023 (Trade Strategy For SPY, QQQ, AAPL, TSLA, MSFT, NVDA, And META)
Portfolio Pulse from RIPS
Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, MSFT, NVDA, and META. Jerome Powell's testimony at the House Financial Services Committee is expected to drive market activity today.
June 21, 2023 | 2:51 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL is maintaining key level of 184.59 as support. Market reaction to Powell's testimony could lead to bullish movement towards 185.86 or bearish movement towards 184.09.
Apple's stock price will be influenced by the market's reaction to Jerome Powell's testimony. A positive market reaction could lead to bullish movement, while a negative reaction may result in bearish movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
META is at key upside level of 284.18. Market reaction to Powell's testimony could lead to bullish movement towards 286.94 or bearish movement towards 280.96.
Meta Platforms' stock price will be influenced by the market's reaction to Jerome Powell's testimony. A positive market reaction could lead to bullish movement, while a negative reaction may result in bearish movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
MSFT is holding steady at key level of 335.96. Market reaction to Powell's testimony could lead to bullish movement towards 340.36 or bearish movement towards 333.46.
Microsoft's stock price will be influenced by the market's reaction to Jerome Powell's testimony. A positive market reaction could lead to bullish movement, while a negative reaction may result in bearish movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
NVDA is between channel of 434.01 and 436.56. Market reaction to Powell's testimony could lead to bullish movement towards 450 or bearish movement towards 429.17.
NVIDIA's stock price will be influenced by the market's reaction to Jerome Powell's testimony. A positive market reaction could lead to bullish movement, while a negative reaction may result in bearish movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
QQQ is striving to maintain above critical level of 366.69. Powell's testimony could invite bullish movement towards 369.39 or bearish movement towards 364.65.
The QQQ's price movement will be heavily influenced by Jerome Powell's testimony today. A dovish stance could lead to bullish movement, while a hawkish stance may result in bearish movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
SPY is battling around key support level of 437.02. Powell's dovish testimony could lead to a breakout above 437.02, while hawkish stance may result in a market sell-off.
The SPY's price movement will be heavily influenced by Jerome Powell's testimony today. A dovish stance could lead to a breakout above the key support level, while a hawkish stance may result in a market sell-off.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
TSLA is encountering resistance at key level of 279.43. Market reaction to Powell's testimony could lead to bullish movement towards 286.34 or bearish movement towards 269.48.
Tesla's stock price will be influenced by the market's reaction to Jerome Powell's testimony. A positive market reaction could lead to bullish movement, while a negative reaction may result in bearish movement.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100