Market Clubhouse Morning Memo - July 11th, 2023 (Trade Strategy For SPY, QQQ, AAPL, META, MSFT, TSLA, And HOOD)
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The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, META, MSFT, TSLA, and HOOD. The memo provides price levels for these stocks based on a proprietary formula that takes into account 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 11, 2023 | 1:56 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL is within the range of 189.16 and 189.52. Bullish expectations focus on a breakout above 189.52, aiming to test 190.33. If the market shows signs of weakness below 189.16, bears may attempt to test 188.05 as a support level.
The price of AAPL is currently within a specific range. If it breaks out above 189.52, it indicates a bullish sentiment and the price may rise. However, if the market shows signs of weakness below 189.16, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
HOOD is struggling to exceed the key level of 11.67. If this level is overtaken, a bullish push towards 12.10 is anticipated. If 11.67 proves to be a significant barrier, bears may pull the price back down towards 11.20.
The price of HOOD is currently at a critical level. If it exceeds 11.67, it indicates a bullish sentiment and the price may rise. However, if 11.67 proves to be a significant barrier, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META currently hovers just above the crucial level of 293.91. If the bulls maintain control, they're likely to challenge 297.33 on the upside. If 293.91 shows signs of failing, increased selling may lead to a further drop to 286.94.
The price of META is currently at a critical level. If the bulls maintain control, it indicates a bullish sentiment and the price may rise. However, if 293.91 shows signs of failing, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is positioned between the critical levels of 331.24 and 333.46. If Microsoft shows convincing strength above 333.46, a bull-run to 335.96 is expected. If 331.24 breaks under substantial selling, the market may settle at 328.52.
The price of MSFT is currently between two critical levels. If it shows strength above 333.46, it indicates a bullish sentiment and the price may rise. However, if 331.24 breaks under substantial selling, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is fluctuating within the range of 366.69 and 367.52. If the bulls dominate, a challenge to 368.57 on the upside is anticipated. If the session leans bearish, a test of 365.59 as a potential lower support level is foreseen.
The price of QQQ is currently fluctuating within a specific range. If the bulls dominate, it indicates a bullish sentiment and the price may rise. However, if the session leans bearish, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is battling to maintain above the significant level of 440.34. If it stays above this threshold, a rise to 441.06 is anticipated. If it struggles to stay above 440.34, the market may go down to 437.92.
The price of SPY is currently at a critical level. If it can maintain above 440.34, it indicates a bullish sentiment and the price may rise. However, if it struggles to stay above this level, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA remains above the significant level of 269.48. If this level acts as support, bulls may push for 272.42. If 269.48 fails to hold, the market may test 268.01. A significant Tesla sell-off today could drive the price down to 264.46.
The price of TSLA is currently above a significant level. If this level acts as support, it indicates a bullish sentiment and the price may rise. However, if 269.48 fails to hold, it indicates a bearish sentiment and the price may fall.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100