Market Clubhouse Morning Memo - October 5th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, And META)
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The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, 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. The trading atmosphere is focused on the unemployment data reveal and inputs from Federal Reserve speakers.
October 05, 2023 | 3:24 pm
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NEUTRAL IMPACT
AAPL is trading around 173.24. If it maintains this as support, it could rally to 174.05 and potentially to 175.81. If support at 173.24 collapses, it could test 172.35 and potentially descend to 171.03.
The memo provides specific price targets for AAPL based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 134.96. If it holds above this, it could trade to 136.29 and potentially reach 137.79. If it fails to hold 134.96, it could descend to 133.78 and potentially to 132.22.
The memo provides specific price targets for GOOGL based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
META is trading above 304.77. If it maintains this, it could climb to 308.16 and potentially to 311.42. If it fails to secure 304.77, it could descend to 301.71 and potentially to 297.33.
The memo provides specific price targets for META based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 318.48. If it holds above this, it could reclaim 320.05 and potentially reach 323.17. If it fails to uphold 318.48 as support, it could probe 316.04 and potentially descend to 313.61.
The memo provides specific price targets for MSFT based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 442.76. If it holds above this, it could rise to 444.38 and potentially hit 450.04. If it fails to uphold 442.76, it could probe 439.87 and potentially descend to 429.17.
The memo provides specific price targets for NVDA based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near 359.39. If it holds above 360.08, it could rise to 360.79 and potentially to 363.23. If it fails to sustain above 359.39, it could descend to 358.60 and potentially further to 355.93.
The memo provides specific price targets for QQQ based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 424.52. If it holds above 425.75, it could climb to 426.37 and potentially surpass 427.08. If it fails to maintain support at 424.52, it could descend to 423.89 and potentially further to 420.69.
The memo provides specific price targets for SPY based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 259.81. If it holds above this, it could move to 262.68 and potentially reach 266.83. If it fails to hold 259.81, it could test 257.56 and potentially descend to 252.38.
The memo provides specific price targets for TSLA based on their proprietary formula. The price could go either way depending on whether it holds above or below certain levels.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100