Market Clubhouse Morning Memo - August 28th, 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 memo provides price levels for these assets based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests monitoring these stocks closely and being prepared to leverage potential breakouts or reversals.
August 28, 2023 | 2:44 pm
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NEUTRAL IMPACT
AAPL has edged up overnight, now around 179.36. Bulls would want to defend 179.36, aiming for a day's high of 181.25. For bearish sentiments, a day's low target of 176.29.
The memo provides specific price targets for AAPL based on their proprietary formula. The price could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META has risen slightly overnight, now around 286.94. Bulls aim for a day's high of 293.91. If 286.94 isn't maintained, the bearish target is 279.15.
The memo provides specific price targets for META based on their proprietary formula. The price could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT hovers around 324.81. Bulls aim to maintain this, pushing towards 331.24. If 324.81 fails as support, the bearish target is 320.05.
The memo provides specific price targets for MSFT based on their proprietary formula. The price could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
For NVDA, bulls aim to maintain 464.95, pushing towards 478.67. If 464.95 isn't held, the bearish target is 454.09.
The memo provides specific price targets for NVDA based on their proprietary formula. The price could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ has shown a slight uptrend overnight, currently around 365.59. Bullish sentiments could push towards 370.08. If sellers dominate, the bearish target is 360.08.
The memo provides specific price targets for QQQ based on their proprietary formula. The price could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY has seen a modest rise in the overnight session, hovering around 441.06. Bullish momentum could lead to a high of 443.42 for the day. If 441.06 fails as support, the bearish target is 437.92.
The memo provides specific price targets for SPY based on their proprietary formula. The price could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100