Market Clubhouse Morning Memo - August 30th, 2023 (Trade Strategy For SPY, QQQ, MSFT, And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, MSFT, and TSLA. 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 potential bullish and bearish scenarios for each asset and recommends traders to monitor these stocks closely and adjust their tactics based on the market's pulse.
August 30, 2023 | 2:09 pm
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NEUTRAL IMPACT
MSFT is trading above a key level of 328.52. Bullish scenario could see a high of 335.98. Bearish scenario could see a decline to 323.17.
The memo provides potential bullish and bearish scenarios for MSFT based on its current trading level. The impact on the stock price will depend on how the market reacts to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is hovering around a key level of 375.18. Bullish scenario could see a high of 380.41. Bearish scenario could see a decline to 370.08.
The memo provides potential bullish and bearish scenarios for QQQ based on its current trading level. The impact on the stock price will depend on how the market reacts to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around a crucial level of 449.42. Bullish scenario could see levels of 451.01 and 451.61 tested, with a high of 453.54. Bearish scenario could see a decline to 447.94, with a target of 443.42.
The memo provides potential bullish and bearish scenarios for SPY based on its current trading level. The impact on the stock price will depend on how the market reacts to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around a pivotal level of 257.56. Bullish scenario could see a high of 264.46. Bearish scenario could see a decline to 246.16.
The memo provides potential bullish and bearish scenarios for TSLA based on its current trading level. The impact on the stock price will depend on how the market reacts to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100