Market Clubhouse Morning Memo - July 5th, 2023 (Trade Strategy For SPY, QQQ, AAPL, TSLA, NVDA, And META)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, TSLA, NVDA, and META. The memo provides key price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.
July 05, 2023 | 4:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
META is currently holding strongly above the key support level at 285.10. If the bulls maintain control of the auction today, a reclaiming of 286.94 as a new support level is expected.
The memo provides key price levels for META and suggests that traders should monitor the stock closely. The price action of META could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA's price action is within the range of 419.36 and 421.35. If there is a breakout above 421.35 today, the bulls are expected to target 424.83.
The memo provides key price levels for NVDA and suggests that traders should monitor the stock closely. The price action of NVDA could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is currently trading within the range of 367.52 and 368.57. If a rally in the tech sector is observed, a break above 369.39 and 370.08 is expected.
The memo provides key price levels for QQQ and suggests that traders should monitor the stock closely. The price action of QQQ could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is opening lower in Wednesday's premarket trading. It is finding support at 441.62. If the price action remains above this level, the upside targets for the day are 442.61 and 443.90.
The memo provides key price levels for SPY and suggests that traders should monitor the stock closely. The price action of SPY could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA's performance during Monday's regular trading hours was relatively mixed. It is trading within the range of 275.07 and 279.43.
The memo provides key price levels for TSLA and suggests that traders should monitor the stock closely. The price action of TSLA could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AAPL encountered some selling during Monday's regular trading hours and in Wednesday's premarket. The price action is hovering around the key support level of 191.25.
The memo provides key price levels for AAPL and suggests that traders should monitor the stock closely. The price action of AAPL could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100