Market Clubhouse Morning Memo - October 16th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, And TSLA)
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The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, 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 that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.
October 16, 2023 | 2:40 pm
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NEUTRAL IMPACT
The memo suggests that AAPL could escalate to 179.36 if bullish vigor persists. However, a bearish descent to the day's low target for Apple at 175.81 is anticipated if 177.31 wavers as support.
The memo provides both bullish and bearish scenarios for AAPL, suggesting that the stock could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The memo suggests that MSFT could rally to 335.96 if buying wave endures. However, persistent bearish pressure could drive the price towards the day’s bearish nadir at 323.17.
The memo provides both bullish and bearish scenarios for MSFT, suggesting that the stock could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The memo suggests that NVDA could rally to 461.49 if buying activity sustains. However, persistent selling could touch the day’s bearish low at 439.87.
The memo provides both bullish and bearish scenarios for NVDA, suggesting that the stock could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The memo suggests that QQQ could test 367.52 on the higher side if buying continues. However, a bearish descent to the day's low target of 361.41 is foreseen if trading fails to sustain above 365.59.
The memo provides both bullish and bearish scenarios for QQQ, suggesting that the stock could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The memo suggests that SPY could see an upward thrust beyond 434.13 if 433.75 sustains during the regular trading span. However, a turbulent sell-off might set the bearish target at a low of 430.05.
The memo provides both bullish and bearish scenarios for SPY, suggesting that the stock could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
The memo suggests that TSLA could rally to 254.28 if buying activities endure. However, a price decline to today’s bearish trough at 242.47 is anticipated if 248.37 fails to stand firm as a support.
The memo provides both bullish and bearish scenarios for TSLA, suggesting that the stock could go either way depending on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100