Market Clubhouse Morning Memo - July 7th, 2023 (Trade Strategy For SPY, QQQ, AAPL, META, MSFT, TSLA, and NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, META, MSFT, TSLA, and NVDA. The memo provides price levels for these stocks based on a proprietary formula that considers price, volume, and options flow. The memo suggests monitoring these stocks for potential breakouts or reversals and adjusting tactics based on the market's pulse.
July 07, 2023 | 2:07 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
AAPL is maintaining well above the main level of 191.25. If this level can be held, the bullish targets are 192.21 and 192.60. If the market struggles to maintain 191.25, lower targets of 190.33 and 189.16 could be anticipated.
The analysis suggests that AAPL's price could go either way depending on the market's ability to maintain the current level. If the market remains strong, the price could go up. If the market struggles, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is struggling to recover 293.91. With substantial flow into 300 strike 0DTE calls today, a test of 297.33 on the upside is anticipated, with a high aim of 300.23. A less active session may see 288.87 tested as support.
The analysis suggests that META's price could go either way depending on the market's activity. If the market is active, the price could go up. If the market is less active, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is standing firm above the main level of 340.36. If this level continues to act as support, the bulls could aim for 343.68. If the market weakens, the bears might aim for 339.02 and 337.80.
The analysis suggests that MSFT's price could go either way depending on the market's strength. If the market remains strong, the price could go up. If the market weakens, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is striving to recover 421.35. If this key level is held, the bullish aim is 424.83. If the session underperforms, the bears are likely to target 419.36.
The analysis suggests that NVDA's price could go either way depending on the market's performance. If the market performs well, the price could go up. If the market underperforms, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ lies within the 366.69 and 367.52 channels. If the tech sector strengthens, the bullish aim is to reach 368.57 and 369.39. If the tech sector weakens, the bears might test 366.69.
The analysis suggests that QQQ's price could go either way depending on the strength of the tech sector. If the tech sector strengthens, the price could go up. If the tech sector weakens, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is maintaining above the crucial point of 438.78. If this can be upheld, the aim is to reach higher targets of 439.66 and 440.34. If the market weakens, bearish trends will likely target 437.92.
The analysis suggests that SPY's price could go either way depending on the market's strength. If the market remains strong, the price could go up. If the market weakens, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA maintains above the key level of 275.07. If this level is upheld, the upside targets are 278.11 and 279.43. If the market undermines the 275.07 level, the bears could drive the market to 272.42.
The analysis suggests that TSLA's price could go either way depending on the market's strength. If the market remains strong, the price could go up. If the market weakens, the price could go down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100