Market Clubhouse Morning Memo - October 17th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NFLX, TSLA, And NVDA)
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The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, NFLX, TSLA, and NVDA. The memo provides price levels for each stock, which are determined by a proprietary formula that takes into account price, volume, and options flow. The memo recommends monitoring these stocks closely and being prepared to leverage potential breakouts or reversals.
October 17, 2023 | 2:26 pm
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NEUTRAL IMPACT
AAPL is trading around 178.18. A bullish scenario would see the price rise to 180.60. If support at 178.18 crumbles, a bearish drive towards 176.29 is anticipated.
The memo provides specific price targets for AAPL, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 331.24. A bullish scenario would see the price rise to 337.80. If support at 331.24 fails, a bearish dip to 324.81 is expected.
The memo provides specific price targets for MSFT, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
NFLX is trading around 360.22. A bullish outlook would see the price rise to 365.98. If support at 360.22 fails, a bearish slide to 351.94 is expected.
The memo provides specific price targets for NFLX, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 454.09. A bullish scenario would see the price rise to 464.95. If support at 454.09 fails, a bearish slide to 442.76 is expected.
The memo provides specific price targets for NVDA, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 368.57. A bullish scenario would see the price rise to 371.96. If resistance is faced at 368.57, a bearish takeover could push the price down to 365.59.
The memo provides specific price targets for QQQ, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
SPY is currently trading around 434.66. A positive outcome would be a move to 435.06 and potentially 437.02. If support at 434.66 gives way, a bearish tilt towards 432.91 is anticipated.
The memo provides specific price targets for SPY, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 252.38. A bullish scenario would see the price rise to 259.81. If support at 252.38 fails, a bearish test to 246.16 is anticipated.
The memo provides specific price targets for TSLA, indicating potential bullish and bearish scenarios. The impact on the stock will depend on whether these price levels are reached.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100