Market Clubhouse Morning Memo - August 9th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, 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 potential bullish and bearish targets for each asset and recommends traders to monitor these stocks closely and adjust their tactics based on the market's pulse.
August 09, 2023 | 2:31 pm
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NEUTRAL IMPACT
AAPL is trading above the significant level of 180.60. If this holds, the upward target is 181.25. If 180.60 faces a downward shift, the bears might aim for 179.36.
The memo provides both bullish and bearish scenarios for AAPL, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading beneath the key point of 328.52. For bullish action, reclaiming 328.52 could lead to 331.24. If 328.52 remains unattained, a bearish move towards 326.05 is expected.
The memo provides both bullish and bearish scenarios for MSFT, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading below the crucial mark of 372.91. If the bulls regain this level, the initial target is 373.82. If the price struggles to maintain above 372.91, a bearish move to 371.96 is expected.
The memo provides both bullish and bearish scenarios for QQQ, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading above the pivotal point at 449.42. If this level remains robust, the bulls might aim for 450.23, potentially reaching 451.01. If 449.42 faces downward pressure, a bearish move towards 447.94 is expected.
The memo provides both bullish and bearish scenarios for SPY, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading above the pivotal point of 250.25. If this remains consistent, the bulls might aim for 252.38. If 250.25 faces a decline, a move towards 248.37 is anticipated.
The memo provides both bullish and bearish scenarios for TSLA, suggesting a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100