Market Clubhouse Morning Memo - July 17th, 2023 (Trade Strategy For SPY, QQQ, AAPL, NVDA, TSLA, AMD, And NFLX)
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The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, NVDA, TSLA, AMD, and NFLX. 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 potential breakouts or reversals for these stocks and recommends traders to adjust their tactics based on the market's pulse.
July 17, 2023 | 2:37 pm
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NEUTRAL IMPACT
After NVDA's sharp sell-off on Friday, a slight bounce is noticeable. A strong buying presence could reclaim higher levels.
The memo suggests that after NVDA's sharp sell-off on Friday, a slight bounce is noticeable. A strong buying presence could potentially reclaim higher levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
The Nasdaq 100's special rebalance could potentially affect QQQ's trading. The Q's are hovering around the crucial 378.93 level.
The memo suggests that the Nasdaq 100's special rebalance could potentially affect QQQ's trading. The stock is currently hovering around a crucial level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY is showing a minor downtrend but remains above the pivotal 447.94 level. A robust hold above this level could pave the way for SPY to reclaim higher levels.
The memo suggests that SPY is showing a minor downtrend but remains above a crucial level. This could potentially lead to higher levels if the stock maintains its current position.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AAPL is currently trading above the significant 191.25 level. If it maintains, there could be further upside targets.
The memo suggests that AAPL is currently trading above a significant level. If the stock maintains this level, there could be further upside targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
AMD seems to be on a good path, maintaining a key level in the premarket trade. If this persists, there could be further upside targets.
The memo suggests that AMD is on a good path, maintaining a key level in the premarket trade. If the stock maintains this level, there could be further upside targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
NFLX is currently above a key level. Bullish sentiment could lead to higher levels.
The memo suggests that NFLX is currently above a key level. Bullish sentiment could potentially lead to higher levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
With TSLA's earnings due on Wednesday, a pre-earnings rally may be seen. The stock is currently trading higher.
The memo suggests that with TSLA's earnings due on Wednesday, a pre-earnings rally may be seen. The stock is currently trading higher.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90