Market Clubhouse Morning Memo - July 10th, 2023 (Trade Strategy For SPY, QQQ, META, TSLA, MSFT, NVDA, And GOOGL)
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The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, META, TSLA, MSFT, NVDA, and GOOGL. The memo provides key price levels for each stock, which are determined by a proprietary formula that takes into account price, volume, and options flow. The memo suggests that traders should closely monitor these stocks and be prepared to leverage potential breakouts or reversals.
July 10, 2023 | 3:25 pm
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NEUTRAL IMPACT
GOOGL is trading between a channel of 118.30 and 119.14. A break above or below these levels could indicate a bullish or bearish trend respectively.
The price of GOOGL is currently within a specific channel. If it breaks above this channel, it could indicate a bullish trend. However, if it breaks below this channel, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading just below a key level of 293.91. A break above this level could indicate a bullish trend, while a failure to break above could indicate a bearish trend.
The price of META is currently just below a key level. If it breaks above this level, it could indicate a bullish trend. However, if it fails to break above this level, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trying to reclaim a key support level at 335.96. If it stays above this level, it could indicate a bullish trend. If it falls below this level, it could indicate a bearish trend.
The price of MSFT is currently trying to reclaim a key level. If it stays above this level, it could indicate a bullish trend. However, if it falls below this level, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is struggling to break above a key level of 429.17. If it breaks above this level, it could indicate a bullish trend. If it fails to break above, it could indicate a bearish trend.
The price of NVDA is currently struggling to break above a key level. If it breaks above this level, it could indicate a bullish trend. However, if it fails to break above this level, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading within a channel of 366.15 and 366.69 in the premarket. A break above or below these levels could indicate a bullish or bearish trend respectively.
The price of QQQ is currently within a specific channel. If it breaks above this channel, it could indicate a bullish trend. However, if it breaks below this channel, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading above a key level of 438.78 in the premarket. If this level holds, the price could go higher. If it fails to stay above this level, the price could go lower.
The price of SPY is currently above a key level. If it stays above this level, it could indicate a bullish trend. However, if it falls below this level, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is holding above a key level of 275.07. A break above or below this level could indicate a bullish or bearish trend respectively.
The price of TSLA is currently above a key level. If it stays above this level, it could indicate a bullish trend. However, if it falls below this level, it could indicate a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100