Market Clubhouse Morning Memo - July 12th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, And TSLA)
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Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, and TSLA. The memo provides price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests that the market's reaction to the lower-than-expected CPI figures and the Federal Reserve's subsequent actions will be crucial in today's session.
July 12, 2023 | 2:00 pm
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POSITIVE IMPACT
AAPL almost reached the crucial mark of 189.52. If it surpasses this level, the bulls could aim for 190.33. If it can't surpass 189.52, support could be at 189.16.
AAPL is close to the 189.52 mark. If it surpasses this level, the price could rise to 190.33. If it can't, it could find support at 189.16.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MSFT is trying to breach the 335.96 mark. If it does, the bulls' target is 337.80. If it can't breach 335.96, support could be at 333.46.
MSFT is trying to breach the 335.96 mark. If it does, the price could rise to 337.80. If it can't, it could find support at 333.46.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVDA is maintaining above the key mark of 429.17. If it holds this level, the targets are 432.36 and 434.01. If it can't hold 429.17, it could retest 424.83.
NVDA is maintaining a level above 429.17. If it holds this level, the price could rise to 432.36 and 434.01. If it can't, it could retest 424.83.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
QQQ is trying to remain above 371.96. If it maintains this level, the bulls could target 373.82. If the 371.96 mark faces a downturn, 369.39 could be a potential support level.
QQQ is trying to maintain a level above 371.96. If it does, the price could rise to 373.82. If it can't, it could find support at 369.39.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPY rallied in premarket trading due to lower-than-expected CPI figures. If it surpasses 446.31, the next targets are 447.94 and 450.23. If it can't breach 446.31, a support level at 445.08 is expected.
The lower-than-expected CPI figures have led to a rally in SPY. If the momentum continues, the price could surpass the 446.31 mark. If not, it could find support at 445.08.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
TSLA is stable above the key mark of 275.07. If it holds this level, the bulls could challenge 278.11. If it breaks below 275.07, the bearish targets are 272.42 and 269.48.
TSLA is maintaining a level above 275.07. If it holds this level, the price could rise to 278.11. If it can't, it could drop to 272.42 and 269.48.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100