Market Clubhouse Morning Memo - November 13th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, META, NVDA, And TSLA)
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The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, GOOGL, META, NVDA, and TSLA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential price targets and support levels for each asset, suggesting traders monitor these stocks for breakouts or reversals. The trading environment is expected to be influenced by lighter data, limited Fed commentary, and the Treasury's bill auction.
November 13, 2023 | 2:49 pm
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NEUTRAL IMPACT
AAPL's bullish targets are 186.35 and 187.50, with support at 185.86. Bearish targets are 184.96 and 183.38 if support breaks.
AAPL has specific bullish and bearish targets, indicating a neutral outlook with a focus on the mentioned support level for short-term direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL's bullish targets are 132.84 and 133.78, with support at 131.58. Bearish movement to 130.41 and 128.91 is possible if support fails.
GOOGL's neutral score reflects the memo's outlined potential for both upward and downward price action, with a key support level to watch.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META has bullish targets at 329.83 and 335.12, with support at 325.51. Bearish targets are 321.03 and 315.70 if support is breached.
META's neutral score is based on the memo's guidance for possible gains to bullish targets or losses to bearish targets, with a pivotal support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT has a bullish outlook with targets at 370.10 and 380.00, and support at 368.79. Bearish targets are 366.98 and 363.81 if support is lost.
MSFT is given a neutral score due to the balanced potential for movement towards either the bullish or bearish targets mentioned.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA's bullish targets are 489.04 and 499.62, with support at 483.43. Bearish targets are 478.67 and 470.17 if it fails to hold.
NVDA is given a neutral score due to the memo's indication of significant upside and downside targets, with a specific support level to watch for direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ has bullish targets at 377.58 and 380.41, with critical support at 376.78. Bearish targets are 375.98 and 372.91 if it fails to hold.
QQQ is presented with clear bullish and bearish price objectives, suggesting a neutral stance with equal potential for gains or losses.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY has bullish targets set at 440.34 and 443.42, with support at 434.13. Bearish targets are 438.78 and 436.51 if support at 439.66 fails.
The SPY is expected to have moderate volatility with specific bullish and bearish targets provided. The score is neutral due to the balanced view of potential upward and downward movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA has bullish targets at 216.31 and 219.39, with support at 215.15. Bearish targets are 213.89 and 211.53 if support gives way.
TSLA's neutral score is due to the balanced view of potential movements towards the bullish or bearish targets, with a focus on the current support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90