Market Clubhouse Morning Memo - November 21st, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, 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. Key events to watch include the FOMC meeting minutes and NVIDIA's earnings report, which may increase market volatility. The memo is part of a service offering by RIPS, a professional trader, who provides insights and real-time mentorship to Market Clubhouse members.
November 21, 2023 | 3:58 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL bulls look to push the stock from 190.33 to a high of 192.21. Bearish scenario could see a drop to 188.05 if support fails.
AAPL's impact is neutral, awaiting market reaction to the support and resistance levels, with the FOMC minutes as a potential volatility catalyst.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL bulls target 137.79 with support at 136.29. Bearish targets could see the stock at 133.78 if support is breached.
GOOGL's impact is neutral, with potential for both bullish and bearish movements based on the ability to hold support levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META is looking to stay above 338.75, with bullish targets up to 344.83. Bearish targets could lead to 332.41 if support fails.
META's impact is neutral, with a focus on whether it can hold the key support level in a volatile market environment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT is at a pivot point of 377.72, with bullish targets up to 385.00 and bearish targets down to 373.488.
MSFT's impact is neutral, with the direction dependent on whether it can maintain its pivot point amidst market conditions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA, with earnings post-bell, has bullish targets up to 512.31 and bearish targets down to 492.33, depending on support at 503.76.
NVDA's impact is neutral but leans towards positive due to the anticipation of its earnings report, which could cause significant price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
QQQ has bullish targets up to 395.04, with current support at 390.09. Bearish targets could reach 386.69 if support is not maintained.
QQQ's impact is based on the support and resistance levels provided, with a neutral score due to market volatility expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY has bullish targets set up to 456.88, with support at 453.54. Bearish targets could go down to 449.42 if support fails.
SPY's impact is based on the outlined support and resistance levels, with a neutral score due to the uncertainty of market direction before the FOMC minutes release.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA has a bullish outlook with targets up to 243.98, supported at 235.74. Bearish targets could reach 227.58 if support is not held.
TSLA's impact is neutral, with the stock's direction hinging on market response to the identified support level and broader market trends.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90