Market Clubhouse Morning Memo - September 11th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, TSLA, NVDA, AMZN, And META)
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The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, AMZN, and META. The memo provides price levels for these stocks based on a proprietary formula that takes into account price, volume, and options flow. The memo recommends monitoring these stocks for potential breakouts or reversals.
September 11, 2023 | 3:06 pm
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NEUTRAL IMPACT
AAPL is trading above a marker of 179.36. Bulls hope to keep this as support, aiming for 182.27. A bearish target of 176.84 is possible if 179.36 falters as support.
The memo provides specific price levels for AAPL, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
AMZN's current position is close to 138.76. Bulls aim for 140.52. A bearish trajectory might lead to 135.97 if support at 138.76 gives way.
The memo provides specific price levels for AMZN, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
META's current stance is approximately 300.23. Bulls aim for 304.77. A bearish path could lead to 293.91 if 300.23 fails to provide adequate support.
The memo provides specific price levels for META, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading slightly below a marker of 335.96. Bulls aim for an ascent to 341.41. A bearish target of 328.52 is possible if 335.96 doesn't hold.
The memo provides specific price levels for MSFT, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
NVDA is hovering around the 458.20 mark. Bulls aim for 464.95. A bearish forecast of 447.05 is possible if 458.20 is compromised.
The memo provides specific price levels for NVDA, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near a crucial level of 375.18. A bullish momentum requires sustaining above this level, with a bullish target of 378.93. A bearish target of 370.91 is possible if selling persists.
The memo provides specific price levels for QQQ, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
SPY is hovering around a pivotal level of 447.94. A bullish outlook requires maintaining above this level, with an optimistic target of 451.01. A bearish descent to 443.90 is possible if 447.94 fails as support.
The memo provides specific price levels for SPY, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
TSLA is around 262.68. Bulls hope to maintain this as support, targeting 269.48. A bearish day's end target of 254.28 is possible if 262.68 doesn't hold.
The memo provides specific price levels for TSLA, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain above or falls below these levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100