Market Clubhouse Morning Memo - August 8th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA And TSLA)
Portfolio Pulse from RIPS
Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, and TSLA. The analysis is based on a proprietary formula that considers price, volume, and options flow. The memo provides key price levels for each asset and anticipates potential bullish or bearish movements. The trading session is expected to be quiet due to lack of significant data.
August 08, 2023 | 2:03 pm
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NEUTRAL IMPACT
AAPL is trading within a range of 178.61 and 179.36. If it surges above 179.36, it could push higher. If not, a sell-off is expected.
The analysis suggests potential bullish or bearish movements based on whether AAPL can surge above the upper limit of its current trading range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading below a key level of 328.52. If it recovers this level, it could push higher. If not, a downward trend is expected.
The analysis suggests potential bullish or bearish movements based on whether MSFT can recover the key level of 328.52.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is maintaining above a key level of 450.04. If it holds this level, it could push higher. If not, a downward trend is expected.
The analysis suggests potential bullish or bearish movements based on whether NVDA can maintain the key level of 450.04.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading below a key level of 372.91. If it recovers this level, it could push higher. If not, a downward trend is expected.
The analysis suggests potential bullish or bearish movements based on whether QQQ can recover the key level of 372.91.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading below a crucial level of 447.94. If it recovers this level, it could push higher. If not, a downward trend is expected.
The analysis suggests potential bullish or bearish movements based on whether SPY can recover the key level of 447.94.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading above a key level of 246.16. If it maintains this level, it could push higher. If not, a downward trend is expected.
The analysis suggests potential bullish or bearish movements based on whether TSLA can maintain the key level of 246.16.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100