Market Clubhouse Morning Memo - August 14th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, META, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, GOOGL, META, and NVDA. The memo provides price levels for these stocks based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests that traders closely monitor these stocks and be prepared to leverage potential breakouts or reversals.
August 14, 2023 | 2:12 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
AAPL is trading within the 177.31 to 178.61 channel. A breakout from this range is anticipated this week. On the upside, bulls could target 179.36, while a breach below 177.31 could see bears eyeing 176.29.
The stock is currently trading within a specific range. A breakout from this range is anticipated this week, which could potentially lead to a bullish move up to 179.36. However, if the stock breaches below 177.31, it could potentially move down to 176.29.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL trades beneath the 130.41 marker. If this persists, bears might target 128.91. A recovery above 130.41 could see a bullish move to 131.28.
The stock is currently trading below a specific marker. If it continues to do so, it could potentially move down to 128.91. However, if the stock recovers above the 130.41 marker, it could potentially move up to 131.28.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META trades below the 301.71 threshold. Bulls would aim to surpass this, with a potential surge to 304.77. Failing to surpass 301.71 could see a bearish move to 300.23.
The stock is currently trading below a specific threshold. If it surpasses this threshold, it could potentially move up to 304.77. However, if it fails to do so, it could potentially move down to 300.23.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT has shown an overnight gap up but hasn't sustained the 323.17 support. Bulls would aim to recover this, potentially targeting 326.05. If 323.17 remains elusive, bears might push towards 321.51.
The stock has shown an overnight gap up, which is a bullish signal. However, the stock's performance will depend on whether it can sustain above the 323.17 support. If it can, it could potentially move up to 326.05. If it can't, it could potentially move down to 321.51.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading below the 409.31 benchmark. If this persists, bears might target 405.18. A recovery above 409.31 could see a bullish move to 413.76.
The stock is currently trading below a specific benchmark. If it continues to do so, it could potentially move down to 405.18. However, if the stock recovers above the 409.31 benchmark, it could potentially move up to 413.76.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ has shown an overnight gap up and hovers just above the 366.69 benchmark. If this level remains resilient, bulls might target 367.52. If the 369.69 mark falters, a bearish descent to 366.15 is anticipated.
The stock has shown an overnight gap up, which is a bullish signal. However, the stock's performance will depend on whether it can sustain above the 366.69 mark. If it can, it could potentially move up to 367.52. If it can't, it could potentially move down to 366.15.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is showing an overnight gap up, aiming to reclaim the 446.31 mark. If it sustains above this today, bulls might set their sights on 447.94. If 446.31 faces a downturn, a bearish move towards 445.08 is anticipated.
The stock is showing an overnight gap up, which is a bullish signal. However, the stock's performance will depend on whether it can sustain above the 446.31 mark. If it can, it could potentially move up to 447.94. If it can't, it could potentially move down to 445.08.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100