Market Clubhouse Morning Memo - October 20th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, TSLA, NVDA, And META)
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The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, 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.
October 20, 2023 | 2:48 pm
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NEUTRAL IMPACT
AAPL is trading around 175.09. For bullish aspirations, 175.09 needs to stand as solid support. If 175.09 falters as support, a descent to 174.59 is likely.
The memo provides detailed price levels for AAPL, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 314.41. For bullish outlooks, staying strong above 314.41 is anticipated. If 314.41 fails as support, bears might drive the price to 311.42.
The memo provides detailed price levels for META, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading near 331.24. For bullish outlooks, holding firm above 331.24 is crucial. If 331.24 collapses as support, bears might aim for 328.52.
The memo provides detailed price levels for MSFT, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 419.36. For bullish scenarios, a push to 421.35 is anticipated. If 419.36 can’t endure as robust support, bears might aim lower at 416.72.
The memo provides detailed price levels for NVDA, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 359.39. For a bullish scenario, sustaining above 360.08 is critical. If maintaining above 359.39 proves challenging, a bearish takeover is plausible.
The memo provides detailed price levels for QQQ, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 425.75. A surge to 426.37 is desired for optimistic outcomes. If 425.75 fails to uphold as support, bearish forces might challenge the fortitude of 424.52.
The memo provides detailed price levels for SPY, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 217.78. For the bulls, a rally to 219.39 is desired. If 217.78 does not endure as strong support, a test lower at 215.15 might ensue.
The memo provides detailed price levels for TSLA, indicating potential bullish and bearish scenarios. The stock's performance will depend on whether it can maintain these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100