Market Clubhouse Morning Memo - August 23rd, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, META, and NVDA. The analysis is based on a proprietary formula that considers price, volume, and options flow. The memo suggests potential price levels for each asset and recommends traders to monitor these stocks closely and adjust their tactics based on market conditions. The focus of the day is the PMI data release and NVIDIA's post-market earnings announcement.
August 23, 2023 | 1:54 pm
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NEUTRAL IMPACT
AAPL experienced an uptick during the overnight session, but a chunk of those gains eroded. The memo suggests potential bullish and bearish price levels.
The memo provides potential price levels for AAPL based on their proprietary formula. The price direction will depend on whether these levels are reached and maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META appears to be finding a floor at 286.94. The memo suggests potential bullish and bearish price levels.
The memo provides potential price levels for META based on their proprietary formula. The price direction will depend on whether these levels are reached and maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is currently steering slightly above the support line of 323.17. The memo suggests potential bullish and bearish price levels.
The memo provides potential price levels for MSFT based on their proprietary formula. The price direction will depend on whether these levels are reached and maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is set to exhibit volatility due to its impending earnings announcement. The memo suggests potential bullish and bearish price levels.
The memo provides potential price levels for NVDA based on their proprietary formula. The price direction will depend on whether these levels are reached and maintained, and the outcome of the earnings announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ experienced an initial rise overnight but later retraced their steps, currently gravitating around 363.23. The memo suggests potential bullish and bearish price levels.
The memo provides potential price levels for QQQ based on their proprietary formula. The price direction will depend on whether these levels are reached and maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY experienced a gap up in the overnight session and is currently hovering around 438.78. The memo suggests potential bullish and bearish price levels.
The memo provides potential price levels for SPY based on their proprietary formula. The price direction will depend on whether these levels are reached and maintained.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100