Market Clubhouse Morning Memo - October 9th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, And NVDA)
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The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, and NVDA. The memo provides price levels for these assets based on a proprietary formula that considers price, volume, and options flow. The memo suggests that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.
October 09, 2023 | 2:53 pm
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NEUTRAL IMPACT
AAPL is maneuvering around 175.81. Bulls hope for this level to remain as support, aiming for a climb to 177.31. If 175.81 crumbles, a dip to 173.24 is anticipated.
The memo provides specific price targets for AAPL based on their proprietary formula. These targets could influence trading decisions and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is circulating around 136.29. Bulls wish for 136.29 to endure as support, targeting a higher bid at 138.39. If 136.29 fails to act as a support, a descent to 132.84 is possible.
The memo provides specific price targets for GOOGL based on their proprietary formula. These targets could influence trading decisions and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is navigating around 324.81. Bulls aim to defend 324.81, eyeing a rally to 331.24. If 324.81 buckles, bears might explore 320.05.
The memo provides specific price targets for MSFT based on their proprietary formula. These targets could influence trading decisions and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is transacting around 447.05. Bulls aim to elevate the price to 458.20. If 447.05 falters, a tumble to 434.01 is possible.
The memo provides specific price targets for NVDA based on their proprietary formula. These targets could influence trading decisions and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near 361.41. Bullish scenario suggests sustaining above 361.41 and potentially reaching 365.59. Conversely, if 361.41 fumbles, a dip to 358.60 is plausible.
The memo provides specific price targets for QQQ based on their proprietary formula. These targets could influence trading decisions and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is currently trading around 426.37. The memo suggests bullish investors aim for an initial rise to 427.08 and potentially beyond 428.62. However, if 426.37 doesn’t sustain as a support, a descent to 424.52 is anticipated.
The memo provides specific price targets for SPY based on their proprietary formula. These targets could influence trading decisions and potentially impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100