Market Clubhouse Morning Memo - August 18th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, TSLA, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, META, TSLA, and NVDA. The memo provides detailed analysis of each stock, including potential bullish and bearish targets. The memo also mentions that the trading landscape is devoid of significant data, but the monthly options contracts set to expire could lead to heightened volatility and potential sharp moves.
August 18, 2023 | 1:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
AAPL has seen a decline in the overnight session. If the decline persists, the price could descend to 169.95.
The article mentions a decline for AAPL in the overnight session. If the decline persists, the price could descend to 169.95, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
META is trading below the 280.96 marker. If 280.96 doesn't hold, the price could descend to 273.68.
The article mentions that META is trading below the 280.96 marker. If this level doesn't hold, the price could descend to 273.68, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
MSFT hovers just below the 313.61 support level. If 313.61 fails to hold, the price could descend to 309.38.
The article mentions that MSFT is hovering just below the 313.61 support level. If this level fails to hold, the price could descend to 309.38, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
For NVDA, the focus is on the 426.17 support level. If 426.17 doesn't hold, the price could descend to 419.36.
The article mentions that the focus for NVDA is on the 426.17 support level. If this level doesn't hold, the price could descend to 419.36, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ has witnessed a sharp decline overnight. If trading struggles to maintain above 355.93, a further decline to 352.55 is possible.
The article mentions a sharp decline for QQQ overnight. If the 355.93 level is not maintained, the price could decline to 352.55, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY has experienced a gap down overnight, with significant premarket selling. If 434.13 doesn't hold, a descent to 431.78 is likely.
The article mentions significant premarket selling for SPY. If the 434.13 level doesn't hold, the price could descend to 431.78, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
TSLA is maintaining support around 213.89. If 213.89 fails to hold, the price could descend to 208.48.
The article mentions that TSLA is maintaining support around 213.89. If this level fails to hold, the price could descend to 208.48, indicating a potential negative impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100