Market Clubhouse Morning Memo - August 21st, 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 price levels for these stocks based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests monitoring these stocks for potential breakouts or reversals. NVIDIA is set to report later this week, which might influence other tech giants.
August 21, 2023 | 1:46 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
META is trading around our 285.10 benchmark. Bulls aim to solidify this level as support.
The memo suggests that META is trading around the 285.10 benchmark and bulls aim to solidify this level as support. This suggests a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is currently trading slightly below our 318.48 support level. Bulls aim to reclaim this mark.
The memo suggests that MSFT is currently trading slightly below the 318.48 support level and bulls aim to reclaim this mark. This suggests a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is currently trading slightly below our 222.19 marker. Bulls aim for an upward trajectory.
The memo suggests that TSLA is currently trading slightly below the 222.19 marker and bulls aim for an upward trajectory. This suggests a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AAPL has shown modest gains overnight. On the upside, bulls are targeting 175.81.
The memo suggests that AAPL has shown modest gains overnight and bulls are targeting 175.81. This suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
NVDA has shown a pronounced upward gap in Monday's premarket session. If buyers dominate, we could see an ascent to 447.05.
The memo suggests that NVDA has shown a pronounced upward gap in Monday's premarket session and if buyers dominate, we could see an ascent to 447.05. This suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
QQQ has shown an upward trajectory overnight. If this level remains unchallenged, a climb towards 361.41 is likely.
The memo suggests that QQQ has shown an upward trajectory overnight and if this level remains unchallenged, a climb towards 361.41 is likely. This suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
SPY has experienced an upward gap overnight. If buyers maintain their grip above 438.78, we could see a push towards 440.34.
The memo suggests that SPY has experienced an upward gap overnight and if buyers maintain their grip above 438.78, we could see a push towards 440.34. This suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100