Market Clubhouse Morning Memo - June 30th, 2023 (Trade Strategy For SPY, QQQ, AAPL, TSLA, NVDA And MSFT)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, NVDA, and MSFT. The analysis is based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential breakouts or reversals for these stocks and advises traders to stay alert and adjust their tactics based on the market's pulse.
June 30, 2023 | 1:32 pm
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NEUTRAL IMPACT
QQQ is battling to reestablish the crucial support level of 367.73. If it remains resilient above this level, the bullish target is 368.32.
The analysis suggests potential upward movement if QQQ remains resilient above the support level. However, it also mentions the possibility of a downtrend if sellers take hold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is below the significant threshold of 441.06. If bullish momentum takes hold, an upward movement towards targets of 441.62 and 442.04 is anticipated.
The analysis suggests potential upward movement if bullish momentum takes hold. However, it also mentions the possibility of a downtrend if selling pressure persists.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA's current positioning around the key level of 259.95 makes it an attractive trading option. If it sustains above this level, the bullish targets are 262.68 and 264.46.
The analysis suggests potential upward movement if TSLA sustains above the key level. However, it also mentions the possibility of a downtrend if the market weakens.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AAPL continues its upward trend in premarket trade. If significant activity is observed in the 195 calls, the target becomes 194.50.
The analysis suggests potential upward movement if significant activity is observed in the 195 calls. However, it also mentions the possibility of a downtrend if selling pressure emerges.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MSFT is showing significant upward momentum in premarket trade. If the bulls maintain above the key level of 339.08, the next target is 340.36.
The analysis suggests potential upward movement if the bulls maintain above the key level. However, it also mentions the possibility of a downtrend if sellers appear.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVDA is comfortably above the pivotal level of 413.76. If the market remains robust above this level, the target is 419.36.
The analysis suggests potential upward movement if the market remains robust above the pivotal level. However, it also mentions the possibility of a downtrend if the market weakens.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100