Market Clubhouse Morning Memo - July 19th, 2023 (Trade Strategy For SPY, QQQ, AAPL, TSLA, NFLX, NVDA, And MSFT)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, TSLA, NFLX, NVDA, and MSFT. The memo provides price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests monitoring these stocks closely for potential breakouts or reversals. Earnings reports from Tesla and Netflix are expected to impact their stock prices.
July 19, 2023 | 2:11 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL is fluctuating between levels of 193.18 and 193.82. If 193.82 is secured as support, the bulls may target 194.29. If 193.18 breaks down, the bears may test 192.60.
The price level of AAPL is crucial for its short-term performance. If the price remains above the support level, it indicates a bullish market. However, if the support level breaks down, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT had an impressive day yesterday with a press release about their AI offerings for retail consumers. The stock is sustaining above the level of 358.28. If 358.28 breaks down due to heavy selling, the bears may revisit 354.73.
The press release about AI offerings and the current price level of MSFT are crucial for its short-term performance. If the price remains above the level, it indicates a bullish market. However, if the level breaks down due to heavy selling, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NFLX is releasing its earnings post-bell today. The bulls are expected to take control of the price action above the key level of 486.47. If sellers dominate, the bears may test 474.39 to the downside.
The upcoming earnings report and the current price level of NFLX are crucial for its short-term performance. If the price remains above the key level, it indicates a bullish market. However, if sellers dominate, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
NVDA had a notably strong day yesterday. The bulls are expected to maintain the price above 473.81. If the price action reverses to the downside and 473.81 breaks, the bears may test the strength of 470.17.
The price level of NVDA is crucial for its short-term performance. If the price remains above the level, it indicates a bullish market. However, if the price action reverses to the downside, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is consolidating below a crucial level of 386.89. If the bulls maintain control, the level of 386.69 is expected to be reclaimed as support. If selling pressure emerges, the bears may test 385.55 as a support level.
The price level of QQQ is crucial for its short-term performance. If the bulls maintain control, it indicates a bullish market. However, if selling pressure emerges, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading beneath a pivotal level of 454.56. If the price remains above this level, a bullish stance is maintained. If sellers dominate, the focus will be on the reaction around the level of 453.54.
The price level of SPY is crucial for its short-term performance. If the price remains above the pivotal level, it indicates a bullish market. However, if sellers dominate, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is releasing its earnings report after the bell today. The stock is currently sustaining above the level of 294.63. If the session leans towards selling, the level of 293.21 may break to the downside.
The upcoming earnings report and the current price level of TSLA are crucial for its short-term performance. If the price remains above the level, it indicates a bullish market. However, if the session leans towards selling, it could lead to a bearish market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100