Market Clubhouse Morning Memo - August 25th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, META, 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 that traders should closely monitor these stocks and be prepared to leverage potential breakouts or reversals. The market reactions will heavily depend on Jerome Powell's statements at the Jackson Hole Symposium.
August 25, 2023 | 1:52 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL surged overnight and is now trading near 176.84. Bulls aim for 178.61. Bearish activity could lead it below 176.84, aiming for 175.09.
The news provides detailed price targets for AAPL. The stock's performance will depend on market conditions and Jerome Powell's statements at the Jackson Hole Symposium.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META seems to have bottomed overnight, trading near 286.94. Bulls aim for 293.91. Failing to uphold 286.94 could trigger a descent to 280.96.
The news provides detailed price targets for META. The stock's performance will depend on market conditions and Jerome Powell's statements at the Jackson Hole Symposium.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT trades close to 320.05. Bulls aim to solidify this as support, targeting a bounce to 326.05. Should 320.05 falter as support, it could descend to 313.61.
The news provides detailed price targets for MSFT. The stock's performance will depend on market conditions and Jerome Powell's statements at the Jackson Hole Symposium.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA remains flat after overnight activity. Bulls need to sustain 470.17. Strong bullish sentiments aim for 489.04. Failing to maintain 470.17 could see a decline towards 454.09.
The news provides detailed price targets for NVDA. The stock's performance will depend on market conditions and Jerome Powell's statements at the Jackson Hole Symposium.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ had a modest bounce overnight and is now hovering around 361.41. The bullish trajectory aims for 365.59. Sellers might drive it below 361.41, targeting a dip to 354.24.
The news provides detailed price targets for QQQ. The stock's performance will depend on market conditions and Jerome Powell's statements at the Jackson Hole Symposium.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY experienced an upward gap and is now hovering around the pivotal 437.92 mark. Strong bullish activity might propel it towards 440.34. If 437.92 fails as support, it could dip to 434.66.
The news provides detailed price targets for SPY. The stock's performance will depend on market conditions and Jerome Powell's statements at the Jackson Hole Symposium.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100