Market Clubhouse Morning Memo - October 24th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, And AMZN)
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The Market Clubhouse Morning Memo discusses trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, and AMZN. 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 also highlights the importance of monitoring these stocks for potential breakouts or reversals. Microsoft and Alphabet are set to announce their earnings post-trading today.
October 24, 2023 | 2:39 pm
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NEUTRAL IMPACT
AAPL is trading near 173.24. If it serves as support, it could rally to 175.09. If it doesn't sustain as support, it could go down to 171.03.
The price of AAPL is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
AMZN is trading around 128.35. If it holds as support, it could go up to 130.18. If it fails to hold as support, it could go down to 124.96.
The price of AMZN is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading near 137.79. If it holds as support, it could go up to 139.46. If it fails as support, it could go down to 134.96.
The price of GOOGL is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near 317.90. If it holds as support, it could go up to 329.83. If it doesn't hold, it could go down to 309.51.
The price of META is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 331.24. If it holds above this level, it could rally to 337.80. If it fails as support, it could go down to 324.81.
The price of MSFT is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 357.94. If it holds above this level, it could go up to 360.79. If it struggles to maintain this level, it could go down to 354.24.
The price of QQQ is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near 422.70. If it sustains above 423.89, it could surge past 425.75. If it doesn't maintain 422.70 as support, it could go down to 419.04.
The price of SPY is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 217.78. If it holds as support, it could go up to 223.86. If it fails to hold as support, it could go down to 211.53.
The price of TSLA is currently near a critical level. If it can maintain support above this level, it could see a significant increase. However, if it fails to maintain this support, it could see a significant decrease.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100