Market Clubhouse Morning Memo - January 10th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for January 10th, 2024, provides trade strategies for SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, and NVDA based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price targets for each asset and advises traders to stay alert for breakouts or reversals. The session's focus is on Wholesale Inventories and Trade Sales data, with anticipation for CPI data the following day. The memo is part of a service offered by Market Clubhouse, which includes daily market analysis, a watch list, and real-time trading mentorship by a pro trader known as RIPS.
January 10, 2024 | 4:03 pm
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NEUTRAL IMPACT
AAPL has a critical level at 184.96, with bullish targets up to 186.99 and bearish targets down to 182.27.
AAPL's price levels are significant for traders, but the neutral score reflects the broader market's uncertainty ahead of the CPI data release.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL is trading near 141.12, with bullish targets up to 143.17 and bearish targets down to 139.49.
GOOGL's specified levels provide a framework for trading, but the neutral score accounts for potential market shifts following the CPI data release.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META's pivotal level is at 360.20, with bullish targets up to 366.72 and bearish targets down to 354.93.
META's trading strategy is based on its ability to hold above or below the pivotal level, but the upcoming CPI data could impact the stock's movement, leading to a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT is trading around 377.72, with bullish targets up to 381.64 and bearish targets down to 373.48.
MSFT's outlined price levels offer traders specific points of action, but the market's pending reaction to CPI data warrants a neutral score.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA is at a decisive point near 533.83, with bullish targets up to 544.22 and bearish targets down to 527.30.
NVDA's trade strategy is outlined with clear targets, but the neutral score is due to the market's focus on the upcoming CPI data, which could influence stock movements.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ has bullish targets up to 410.34 and bearish targets down to 403.08. The key level to watch is 406.58 for potential price direction.
QQQ reflects the tech-heavy NASDAQ index, and the specified levels are crucial for short-term trading. The neutral score is due to the market awaiting CPI data, which could overshadow these technical levels.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY has bullish targets up to 478.16 and bearish targets down to 470.63. Traders should watch for its ability to maintain support at 474.04.
SPY is a broad market ETF, and its price movement is indicative of overall market trends. The outlined levels provide specific targets for traders, but the score remains neutral due to the anticipation of CPI data which could significantly influence market direction.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA's crucial level is 235.74, with bullish targets up to 243.98 and bearish targets down to 228.45.
TSLA's price targets are important for day traders, yet the neutral score is due to the overall market awaiting key economic data that could affect stock prices.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90