Market Clubhouse Morning Memo - August 7th, 2023 (Trade Strategy For SPY, QQQ, MSFT, META, And NVDA)
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Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, MSFT, META, and NVDA. The analysis is based on a proprietary formula that considers price, volume, and options flow. The memo provides potential price levels for each asset and advises traders to monitor these stocks closely and adjust their tactics based on market conditions.
August 07, 2023 | 1:42 pm
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NEUTRAL IMPACT
META is performing well above the critical point of 311.42. If this level holds, bullish dominance is anticipated. If META experiences substantial selling and cannot maintain support at 311.42, a bearish move is expected.
The analysis is based on the proprietary formula of Market Clubhouse which takes into account price, volume, and options flow. The price levels are updated daily and shared with members.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading slightly above the primary marker of 328.52. If the bulls maintain control, an upward target of 331.24 is anticipated. If the market proves bearish around 328.52, a bearish move is anticipated.
The analysis is based on the proprietary formula of Market Clubhouse which takes into account price, volume, and options flow. The price levels are updated daily and shared with members.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is maintaining above the key level of 450.04. If this level holds as support, a bullish drive is anticipated. If the market falls below 450.04, a bearish move is expected.
The analysis is based on the proprietary formula of Market Clubhouse which takes into account price, volume, and options flow. The price levels are updated daily and shared with members.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading under the key benchmark of 373.82. If this level is reclaimed by the bulls, upward movement is anticipated. If the market fails to hold above 373.82, a bearish control is predicted.
The analysis is based on the proprietary formula of Market Clubhouse which takes into account price, volume, and options flow. The price levels are updated daily and shared with members.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading below the critical threshold of 447.94. If the bulls retake this level, further upside momentum is expected. If the market is bearish and fails to maintain 447.94, a downward move is expected.
The analysis is based on the proprietary formula of Market Clubhouse which takes into account price, volume, and options flow. The price levels are updated daily and shared with members.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100