Market Clubhouse Morning Memo - August 17th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, And NVDA)
Portfolio Pulse from RIPS
Market Clubhouse's 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 17, 2023 | 1:59 pm
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POSITIVE IMPACT
AAPL is trading slightly above the level of 176.84. Bullish traders are eyeing 177.31 as the next target.
Trading above the level of 176.84 and bullish traders eyeing the next target indicates a potential bullish trend for AAPL.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
META is hovering above the pivotal level of 293.91. Bullish traders will aim to maintain this as support.
Hovering above the pivotal level indicates a potential bullish trend for META.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MSFT is trading just above the crucial support level of 320.05. Bullish traders aim to maintain this mark.
Trading above the crucial support level indicates a potential bullish trend for MSFT.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
For NVDA, bullish traders will aim to secure and maintain 439.87 as support.
Bullish traders aiming to secure and maintain a certain level as support indicates a potential bullish trend for NVDA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
QQQ has seen a slight overnight gap up and is hovering just above the pivotal level of 363.23. Bulls will look for a clear upward momentum above this mark.
The slight overnight gap up and hovering above the pivotal level indicates a potential bullish trend for QQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPY has experienced an overnight gap up and is trading just above the pivotal support level of 441.06. Bulls aim for an upward movement, targeting the next level at 441.62.
The overnight gap up and trading above the pivotal support level indicates a potential bullish trend for SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100