Market Clubhouse Morning Memo - June 22nd, 2023 (Trade Strategy For SPY, QQQ, AAPL, NVDA, MSFT, META, and TSLA)
Portfolio Pulse from RIPS
Market Clubhouse Morning Memo discusses price levels and potential movements for SPY, QQQ, AAPL, NVDA, MSFT, META, and TSLA. The session is expected to be volatile due to Jerome Powell's Q&A session and NVIDIA's annual meeting, which could impact the AI sector and large tech stocks.
June 22, 2023 | 1:20 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL is attempting to maintain key support level at 183.38. If this level holds, bulls will aim for an upward push with targets at 184.09 and 184.96.
The article mentions that AAPL is attempting to maintain key support level at 183.38. If this level holds, bulls will aim for an upward push with targets at 184.09 and 184.96. The market's reaction to Jerome Powell's Q&A session and NVIDIA's annual meeting could cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Meta is maintaining support at our key level of 279.15. If this level holds, we're anticipating upward targets of 280.96 and 284.18.
The article states that Meta is maintaining support at our key level of 279.15. If this level holds, we're anticipating upward targets of 280.96 and 284.18. The market's reaction to Jerome Powell's Q&A session and NVIDIA's annual meeting could cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Microsoft has experienced three consecutive days of selling but appears to have found support at our key level of 333.46. If this level holds, we expect bulls to push the market upwards to 335.96 and 337.80.
The article mentions that Microsoft has experienced three consecutive days of selling but appears to have found support at our key level of 333.46. If this level holds, we expect bulls to push the market upwards to 335.96 and 337.80. The market's reaction to Jerome Powell's Q&A session and NVIDIA's annual meeting could cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
NVIDIA is conducting their annual meeting today at 2PM ET. If the meeting is received positively and investor sentiment is strong, we might see NVIDIA and other tech stocks rally.
The article states that NVIDIA is conducting their annual meeting today at 2PM ET. If the meeting is received positively and investor sentiment is strong, we might see NVIDIA and other tech stocks rally. The market's reaction to Jerome Powell's Q&A session could also cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
QQQ is lodged between channels of 360.08 and 361.41. On the upside, we hope to see 361.41 established as a new support level with bullish targets at 363.23 and 364.65.
The article states that QQQ is lodged between channels of 360.08 and 361.41. On the upside, we hope to see 361.41 established as a new support level with bullish targets at 363.23 and 364.65. The market's reaction to Jerome Powell's Q&A session and NVIDIA's annual meeting could cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
SPY is maintaining a crucial level of 433.75. If this level remains as support, we could see a gap filled upwards with support reclaimed at 434.66. If this level is sustained, our top targets are 435.59 and 437.02.
The article mentions that SPY is maintaining a crucial level of 433.75. If this level remains as support, we could see a gap filled upwards with support reclaimed at 434.66. If this level is sustained, our top targets are 435.59 and 437.02. The market's reaction to Jerome Powell's Q&A session and NVIDIA's annual meeting could cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
Tesla faced a significant sell-off on Wednesday and is now holding support at our key level of 250.23. For bulls, we aim for a gap to fill up to 257.56.
The article mentions that Tesla faced a significant sell-off on Wednesday and is now holding support at our key level of 250.23. For bulls, we aim for a gap to fill up to 257.56. The market's reaction to Jerome Powell's Q&A session and NVIDIA's annual meeting could cause fluctuations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100