Market Clubhouse Morning Memo - November 28th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, NVDA, TSLA, And META)
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The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, GOOGL, NVDA, TSLA, and META, based on a proprietary formula considering price, volume, and options flow. The memo outlines potential support and resistance levels for each asset and advises traders to be prepared for breakouts or reversals. The session is expected to be volatile due to significant data releases and Fed speakers, emphasizing the need for discipline and adherence to trade plans.
November 28, 2023 | 3:31 pm
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NEUTRAL IMPACT
AAPL has bullish targets up to 191.76 and bearish targets down to 187.50. The 189.52 level is crucial for determining the stock's direction.
AAPL's direction is contingent on maintaining support at 189.52, with outlined targets suggesting a neutral stance due to market uncertainties.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL traders should watch for support at 136.29, with bullish targets up to 137.79 and bearish targets down to 133.78.
GOOGL has specific levels to watch for, but the neutral score reflects the overall market's unpredictability and the balanced outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META's trading strategy includes bullish targets up to 340.66 and bearish targets down to 328.13, with 335.12 as a critical support level.
META's price movement will be influenced by its ability to hold above or below the 335.12 level, with a neutral score reflecting market uncertainty.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT aims to maintain above 377.72, with bullish targets up to a new all-time high of 385.00 and bearish targets down to 375.11.
MSFT's outlined levels indicate a neutral outlook due to the potential for both upward and downward movements, depending on market conditions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA has bullish targets up to 495.79 and bearish targets down to 467.34. The 483.43 level will be pivotal for today's trading.
NVDA's trading strategy is based on maintaining key support levels, with a neutral score due to the potential for both gains and losses.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ has bullish targets up to 393.96 and bearish targets down to 385.55. Key level to watch is 389.46 for potential breakouts or reversals.
QQQ is also set for a volatile day with clear levels to watch. The neutral score reflects the balanced potential for both bullish and bearish movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY has potential bullish targets up to 457.86 and bearish targets down to 450.23. Traders should watch for support at 454.56 and resistance levels throughout the day.
The SPY is expected to experience volatility with specific support and resistance levels provided. The score is neutral due to the uncertainty of market direction amidst significant data releases and Fed speakers.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA has bullish targets up to 243.98 and bearish targets down to 228.45. The stock's direction hinges on the 235.74 support level.
TSLA's neutral score is due to the outlined support and resistance levels, with the actual movement dependent on market reactions to data and Fed speeches.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90