Market Clubhouse Morning Memo - August 11th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, and NVDA. The memo provides price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential breakouts or reversals for these stocks and recommends traders to stay alert and adjust their tactics based on the market's pulse.
August 11, 2023 | 4:11 pm
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Ascending
NEUTRAL IMPACT
AAPL is trading above the 177.31 threshold. If this holds, it might move up to 179.36. If it breaches below, it could descend to 175.09.
The memo suggests that AAPL could either move up or descend depending on whether it can maintain above the 177.31 threshold. This could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META trades beneath the 304.77 marker. If it surpasses this, it might surge to 309.51. If it fails to surpass, it could move to 300.23.
The memo suggests that META could either surge or move down depending on whether it can surpass the 304.77 marker. This could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT has slipped past the 321.51 support. If it recovers this, it might target 326.05. If it remains elusive, it could descend to 318.48.
The memo suggests that MSFT could either recover or descend depending on whether it can reclaim the 321.51 support. This could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading below the 419.39 benchmark. If this persists, it might target 409.31. If it recovers above, it could move to 424.83.
The memo suggests that NVDA could either target a lower price or recover depending on whether it can maintain above the 419.39 benchmark. This could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is hovering just above the 366.69 benchmark. If this level remains, it might ascend to 370.08. If it falters, it could descend to 364.65.
The memo suggests that QQQ could either ascend or descend depending on whether it can maintain above the 366.69 benchmark. This could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is aiming to reclaim the 445.08 mark. If it maintains above this, it might surge to 447.94. If it faces a downturn, it could dip to 442.04.
The memo suggests that SPY could either surge or dip depending on whether it can maintain above the 445.08 mark. This could impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100