Market Clubhouse Morning Memo - January 11th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, And NVDA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo provides daily 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 levels for each asset and advises traders to monitor these stocks for breakouts or reversals. The trading session is expected to be volatile due to the release of CPI data and the US Treasury's 30 Year Bond Auction. The memo is part of a service offered by Market Clubhouse, which includes a live daily market analysis, a watch list, and real-time mentorship by a pro trader known as RIPS.
January 11, 2024 | 2:56 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL's bullish scenario could see it reach 191.57, while bearish trends might push it down to 182.27, with external economic events influencing the market.
AAPL's potential price targets are highlighted, yet the release of CPI data and bond auction results could lead to unpredictable short-term price changes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL could potentially reach 145.94 or fall to 139.49, with its short-term price potentially influenced by CPI data and the bond auction.
GOOGL's price points are outlined, but the impact of CPI data and the bond auction could lead to unpredictable short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META's price may ascend to 379.60 or descend to 362.57, with market reactions to CPI data and bond auction likely to influence its short-term trajectory.
META has identified support and resistance levels, but the CPI data and bond auction could introduce volatility, affecting the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT may rally to 392.49 or drop to 375.93, with its short-term price direction potentially affected by today's CPI data and bond auction.
MSFT's trading levels are suggested, but external factors like CPI data and the bond auction could cause fluctuations, making the short-term impact uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA has a bullish outlook with a target of 556.81, but could drop to 530.87, with today's CPI data and bond auction adding to market uncertainty.
NVDA's trading strategy is based on specific levels, yet the release of CPI data and bond auction results could cause unexpected short-term price changes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ has bullish targets up to 416.23 and bearish targets down to 403.08, with today's market volatility driven by economic data releases.
QQQ's price levels are provided, but the impact of CPI data and the bond auction may cause unpredictable short-term movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY has potential bullish targets up to 484.60 and bearish targets down to 470.63, with volatility expected from CPI data and bond auction.
SPY's price movement will likely be influenced by the outlined support and resistance levels, but the CPI data and bond auction could introduce significant volatility, making the short-term impact uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA's bullish target is set at 243.98, while the bearish target is 228.45, with price movements expected to be swayed by today's economic data.
TSLA's price could be impacted by the provided levels, but the CPI data and bond auction may lead to unexpected short-term volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90