Market Clubhouse Morning Memo - December 20th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, And META)
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The Market Clubhouse Morning Memo provides daily proprietary analysis and trade strategy for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, and META, based on price, volume, and options flow. The analysis includes specific price levels for potential breakouts or reversals. The memo also notes that there's limited new data today, with the weekly MBA mortgage applications report, the Conference Board's consumer confidence assessment, and comments from Fed's Goolsbee, along with a Treasury 20-year bond auction that could affect the market.
December 20, 2023 | 3:22 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL's current focus is around 196.01, with a possible high of 197.69 and a low of 193.95.
AAPL has specific price points to watch for, indicating a neutral to slightly bullish outlook, but the score is neutral due to the overall market conditions.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL is trading around 136.29, with an upside potential to 137.79 and a downside risk to 133.78.
GOOGL's analysis includes specific price levels, indicating a neutral to slightly bullish outlook, but the score is neutral due to the current market environment.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META's focus is 347.67, with a bullish ceiling at 354.93 and a bearish floor at 341.85.
META is provided with specific price targets, suggesting a neutral to bullish outlook, but the score remains neutral due to broader market signals.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT is trading around 372.03, with a bullish peak at 376.70 and a floor at 365.35.
MSFT's analysis provides clear price targets, suggesting a neutral to bullish sentiment, but the neutral score reflects broader market uncertainty.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA is near 489.04, with a potential rise to 499.62 or a fall to 481.27.
NVDA's price targets suggest a neutral to bullish sentiment, but the overall market context leads to a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ's pivotal mark is at 407.64, with a potential upward target of 410.34 and a downward target of 403.59.
QQQ is given specific price levels, indicating a neutral stance with a slight bullish bias, but the overall market indicators suggest a cautious approach.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY is expected to fluctuate with a potential to reach a high of 478.93 or a low of 470.63, based on Market Clubhouse's analysis.
The SPY is mentioned with specific price targets, suggesting a neutral to slightly bullish outlook, but the score remains neutral due to the broader market context and lack of significant new data.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA's key level is 254.28, with an upside target of 264.46 and a downside risk to 248.37.
TSLA has defined trading levels, indicating a neutral to bullish outlook, but the score is neutral due to the lack of significant market-moving data.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90