Market Clubhouse Morning Memo - November 20th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo provides daily trading strategies for SPY, QQQ, AAPL, MSFT, GOOGL, TSLA, META, and NVDA, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset, suggesting possible breakouts or reversals. Microsoft is noted for a premarket spike due to a new AI team, while NVIDIA's upcoming earnings announcement is highlighted as a key event. The focus for the week is on AI and technology companies, with traders advised to stay alert for market movements.
November 20, 2023 | 3:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
MSFT is influenced by AI team news, trading around 376.70 with a bullish target of 385.00 and a bearish target of 373.48.
MSFT's short-term impact is likely positive due to the premarket spike from AI team news, suggesting increased investor interest and potential for reaching higher targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
NEUTRAL IMPACT
AAPL is centered around 189.52, with a bullish target of 191.76 and a bearish target of 187.50.
AAPL's impact is based on the support and resistance levels mentioned, with the stock's short-term movement dependent on market sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GOOGL is trading around 133.78, with a bullish target of 136.29 and a bearish target of 130.41.
GOOGL's impact is based on the support and resistance levels indicated, with the actual market movement determining the short-term price direction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
META is trading around 335.12, with a bullish target of 340.66 and a bearish target of 328.13.
META's impact is based on the support and resistance levels mentioned, with the stock's short-term movement dependent on market sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVDA is positioned around 495.79, with a bullish target of 509.29 and a bearish target of 478.67.
NVDA's short-term impact is neutral but could become positive or negative depending on the outcome of the upcoming earnings announcement, which is expected to cause volatility.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 90
NEUTRAL IMPACT
QQQ is hovering around 385.55, with a bullish scenario to 389.46 and a bearish scenario to 380.41.
QQQ's impact is based on the support and resistance levels provided, with the actual market movement determining the short-term price direction.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY is trading around a crucial level of 451.01, with potential to move towards 454.56 or drop to 446.31 based on market trends.
SPY's impact is based on the outlined support and resistance levels, which could influence short-term trading, but the overall market trend will be the deciding factor.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TSLA is around 235.74, with a bullish target of 243.98 and a bearish target of 227.58.
TSLA's impact is based on the support and resistance levels provided, with the stock's short-term movement dependent on overall market trends.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80