Market Clubhouse Morning Memo - January 12th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, TSLA, GOOGL, And NVDA)
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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 closely for breakouts or reversals. The session is expected to be light on data, with attention on the premarket release of the PPI. The memo is part of the Market Clubhouse membership, which offers daily market analysis, a watch list, and live trading streams.
January 12, 2024 | 3:22 pm
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NEUTRAL IMPACT
AAPL has bullish targets up to 186.99 and bearish targets down to 182.27. Traders should be prepared for either scenario based on market conditions.
AAPL's short-term impact is neutral, with the memo suggesting possible moves in either direction, dependent on market response to the outlined levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL has a bullish high target of 142.53 and a bearish low target of 139.49. Traders should watch for price stability or breakdown at these levels.
GOOGL's short-term impact is neutral, with the memo suggesting that traders should be prepared for movement in either direction based on the provided price levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META has bullish targets up to 373.96 and bearish targets down to 360.20. Traders should monitor these levels for potential price action.
META's short-term impact is neutral, with the memo outlining potential for both upward and downward movements, suggesting a cautious trading approach.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT has potential to rally to 386.09 or decline to 377.72. Traders should watch for price action around the mentioned support levels.
MSFT is expected to have a neutral impact in the short term as the memo provides a balanced view with both upside and downside targets.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA has bullish targets up to 550.45 and bearish targets down to 531.81. Traders should be alert for breakouts or breakdowns at these levels.
NVDA's short-term impact is neutral, as the memo outlines both bullish and bearish scenarios, indicating that traders should watch for key price level reactions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ has bullish targets up to 410.34 and bearish targets down to 403.59. Traders should monitor these levels for potential price movements.
QQQ is also expected to have a neutral impact as the memo outlines both bullish and bearish price levels, indicating a wait-and-see approach for traders.
CONFIDENCE 85
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 potential breakouts or reversals at these levels.
The SPY is expected to have a neutral impact in the short term as the memo provides both bullish and bearish scenarios without a clear direction, suggesting a balanced approach.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA has bullish targets up to 228.45 and bearish targets down to 215.15. Traders should be vigilant for price movements at these levels.
TSLA's short-term impact is neutral, as the memo provides clear bullish and bearish targets, indicating that traders should be ready for both outcomes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90