Market Clubhouse Morning Memo - August 15th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, META, And NVDA)
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The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, META, and NVDA. The memo provides price levels for these stocks based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential bullish and bearish targets for each stock and recommends traders to monitor these stocks closely for potential breakouts or reversals.
August 15, 2023 | 1:58 pm
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NEUTRAL IMPACT
AAPL is trading slightly above the pivotal level of 178.61. Bullish traders could target 179.36 or 180.60. If 178.61 support falters, bearish momentum could push the price to 177.31 or 176.29.
The memo provides both bullish and bearish targets for AAPL, indicating uncertainty in the market. The stock's performance will depend on whether it can maintain above the pivotal level of 178.61.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading slightly above the pivotal level of 130.41. Bullish momentum could target 131.28 or 131.76. If 130.41 doesn't hold, bearish forces might push the price to 129.52 or 128.91.
The memo provides both bullish and bearish targets for GOOGL, indicating uncertainty in the market. The stock's performance will depend on whether it can maintain above the pivotal level of 130.41.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around the pivotal level of 304.77. Bullish traders could target 308.16 or 309.51. If 304.77 fails to hold, bearish momentum might drive the price to 301.71 or 297.33.
The memo provides both bullish and bearish targets for META, indicating uncertainty in the market. The stock's performance will depend on whether it can maintain above the pivotal level of 304.77.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is hovering around the crucial support level of 321.51. Bullish traders could target 323.17 or 326.05. If 321.51 fails to hold, bearish momentum might drive the price to 320.05 or 318.48.
The memo provides both bullish and bearish targets for MSFT, indicating uncertainty in the market. The stock's performance will depend on whether it can maintain above the crucial support level of 321.51.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is in focus after Morgan Stanley's 'top pick' recommendation. Bullish sentiment could target 450.04 or 454.09. If 447.05 fails to hold, bearish forces might drive the price to 442.76 or 436.56.
The memo provides both bullish and bearish targets for NVDA, indicating uncertainty in the market. The stock's performance will depend on whether it can maintain above the pivotal level of 447.05.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ has seen an overnight gap down and is hovering just below the pivotal level of 368.57. Bullish momentum could drive the price towards 369.39 or 370.91. If trading struggles to maintain above 368.57, bearish forces might drive the price to 367.52 or 366.15.
The memo provides both bullish and bearish targets for QQQ, indicating uncertainty in the market. The stock's performance will depend on whether it can maintain above the pivotal level of 368.57.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY has experienced an overnight gap down and is striving to recover above the pivotal level of 445.08. Bullish momentum could drive the price towards 446.31 or 447.94. If 445.08 isn't secured, selling pressure could push towards 443.90 or 443.42.
The memo provides both bullish and bearish targets for SPY, indicating uncertainty in the market. The stock's performance will depend on whether it can secure above the pivotal level of 445.08.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100