Market Clubhouse Morning Memo - August 16th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, META, And NVDA)
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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 assets based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests traders to monitor these stocks closely and be prepared to leverage potential breakouts or reversals.
August 16, 2023 | 2:28 pm
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NEUTRAL IMPACT
AAPL is trading slightly above the pivotal level of 177.31. If 177.31 support falters, bearish momentum could push the price to 175.81.
The article provides a detailed analysis of the potential price movements for AAPL. The price could either rise if it maintains the support level of 177.31 or fall to 175.81 if this support falters.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading slightly above the pivotal level of 129.52. If 129.52 doesn't hold, bearish forces might push the price to 128.34.
The article provides a detailed analysis of the potential price movements for GOOGL. The price could either rise if it maintains the support level of 129.52 or fall to 128.34 if this support doesn't hold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is hovering around the pivotal level of 300.23. If 300.23 fails to hold, bearish momentum might drive the price to 293.91.
The article provides a detailed analysis of the potential price movements for META. The price could either rise if it maintains the support level of 300.23 or fall to 293.91 if this support fails to hold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading just shy of the crucial support level of 321.51. If 321.51 fails to hold, bearish momentum might drive the price to 318.48.
The article provides a detailed analysis of the potential price movements for MSFT. The price could either rise if it surpasses the support level of 321.51 or fall to 318.48 if this support fails to hold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
For NVDA, bullish traders will aim to secure and maintain 442.76 as support. If 442.76 fails to hold, bearish forces might drive the price to 434.01.
The article provides a detailed analysis of the potential price movements for NVDA. The price could either rise if it maintains the support level of 442.76 or fall to 434.01 if this support fails to hold.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ remained stable overnight and is hovering just below the pivotal level of 366.69. If trading struggles to surpass 366.69, bearish forces might drive the price to 364.65.
The article provides a detailed analysis of the potential price movements for QQQ. The price could either rise if it surpasses the pivotal level of 366.69 or fall to 364.65 if trading struggles to surpass this level.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY experienced a dip overnight but is currently trading above the crucial support level of 442.61. If the momentum remains strong above 443.90, we could see a surge towards 445.08. If 442.61 breaks under significant selling pressure, the price could go towards 441.06.
The article provides a detailed analysis of the potential price movements for SPY. The price could either surge towards 445.08 if the momentum remains strong or fall towards 441.06 if there is significant selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100