Market Clubhouse Morning Memo - December 11th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, TSLA, GOOGL, And META)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo provides daily trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, TSLA, GOOGL, and META, based on a proprietary formula involving price, volume, and options flow. The memo outlines potential bullish and bearish price levels for each asset and advises traders to monitor these stocks closely for breakouts or reversals. The focus is on large funds positioning ahead of the upcoming FOMC rate decision, with a light data schedule for the day. The memo is part of the Market Clubhouse community offerings, which include live daily market analysis, a watch list, and real-time mentorship from a pro trader known as RIPS.
December 11, 2023 | 3:27 pm
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NEUTRAL IMPACT
AAPL has bullish targets at 195.25, 195.67, and 196.94, with bearish targets at 193.18, 192.21, 191.76, and 191.25. Traders should use these levels to inform their positions.
The provided bullish and bearish targets suggest a neutral outlook, as traders are advised to be ready for movement in either direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL has bullish targets at 134.96 and 135.66, with bearish targets at 132.84, 131.58, and 130.41. Traders should monitor these levels for potential action.
The memo provides a neutral perspective with both bullish and bearish price levels, suggesting traders should be prepared for price fluctuations in either direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META has bullish targets at 335.12, 337.17, and 338.75, with bearish targets at 329.83, 328.13, and 325.51. Traders should consider these levels when planning trades.
The outlined bullish and bearish targets suggest a neutral short-term impact, with an emphasis on readiness for movements in either direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT has bullish targets at 373.48, 375.11, and 375.93, with bearish targets at 372.03, 371.31, and 370.10. Traders should watch these levels closely for potential trades.
The memo indicates a neutral impact with a balanced view of potential bullish and bearish price levels, suggesting readiness for any short-term movement.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA has bullish targets at 470.17, 473.81, and 478.67, with bearish targets at 464.95, 461.49, 458.20, and 454.09. Traders should consider these levels in their trading strategy.
The neutral stance with clear bullish and bearish targets suggests traders should be prepared for price movements in either direction, impacting the stock in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ has bullish targets at 392.77, 393.96, 395.04, and 396.81, with bearish targets at 390.09, 388.80, 387.67, and 386.69. Traders should monitor these levels for trading opportunities.
The price levels provided do not suggest a definitive direction, implying a neutral short-term impact with readiness for both upward and downward movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY has bullish targets set at 460.28, 461.27, 462.20, and 463.70, with bearish targets at 458.54, 457.86, 456.88, and 455.90. Traders should watch for breakouts or reversals based on these levels.
The outlined price levels suggest a neutral stance with preparedness for both bullish and bearish scenarios, indicating no clear short-term direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA has bullish targets at 243.98, 246.16, 248.37, and 250.25, with bearish targets at 239.92, 238.50, and 235.74. Traders should use these levels to guide their decisions.
The memo's balanced approach to bullish and bearish scenarios indicates a neutral short-term impact, with traders advised to be vigilant of the specified price levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90