Market Clubhouse Morning Memo - June 26th, 2023 (Trade Strategy For SPY, QQQ, TSLA, AAPL, AMZN, AMD, And MSFT)
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Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, TSLA, AAPL, AMZN, AMD, and MSFT, providing price levels and potential breakouts or reversals. The memo highlights key support and resistance levels for each stock and ETF.
June 26, 2023 | 2:12 pm
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NEUTRAL IMPACT
Apple is around the critical level of 186.35. If it holds as support, upward targets are 186.99 and 187.50. If the level fails, bearish traders may drive the price to 185.86 and 185.53.
The article provides key support and resistance levels for Apple. If 186.35 holds as support, upward targets are 186.99 and 187.50, while bearish traders may drive the price down if the level fails. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AMD is attempting to regain the key level of 111.90. If regained, the upward target is 115.30. If the level faces rejection, the market may settle at 108.34, with bearish traders aiming for 104.45.
The article provides key support and resistance levels for AMD. If the key level of 111.90 is regained, the upward target is 115.30, while bearish traders may aim for 104.45 if the level faces rejection. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon is maintaining above the key level of 129.23. If preserved, the upward target is 131.23. If the level is breached, bearish traders may test 127.76.
The article provides key support and resistance levels for Amazon. If the key level of 129.23 is preserved, the upward target is 131.23, while bearish traders may test 127.76 if the level is breached. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft is at the key support level of 333.46. If bulls regain control, upward targets are 335.96 and 337.80. If bearish traders sell off through 333.46, the downward target is 331.24.
The article provides key support and resistance levels for Microsoft. If bulls regain control, upward targets are 335.96 and 337.80, while bearish traders may target 331.24 if they sell off through 333.46. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is holding within the range of 361.41 and 363.23. Bullish control requires reestablishing 363.23 as support, with targets of 364.65 and 365.59. If a sell-off occurs, bearish traders may test 361.41 downwards.
The article provides key support and resistance levels for QQQ. Bullish control requires reestablishing 363.23 as support, while a sell-off may lead to testing 361.41 downwards. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY has been on a declining trend since June 16th. If it maintains above 431.78, a significant shift in trajectory is expected. If the level breaks, bearish traders may aim for 431.04 and 430.05 downwards.
The article provides key support and resistance levels for SPY. If it maintains above 431.78, it could signal a shift in trajectory, while breaking the level may lead to further decline. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla is maintaining key support at 250.23. If 254.28 is reestablished as support, bulls may test 257.56. If bearish traders gain control, they may target 246.16 after breaking 250.23 and 248.37.
The article provides key support and resistance levels for Tesla. If 254.28 is reestablished as support, bulls may test 257.56, while bearish traders may target 246.16 if they gain control. The impact on the stock price is uncertain, as it depends on the market's ability to maintain the support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100