Market Clubhouse Morning Memo - March 8th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for March 8th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, suggesting potential bullish and bearish price levels. The memo also highlights the impact of upcoming economic events like the Non-Farm Payroll, CPI release, triple witching Friday, and FOMC rate decision on market volatility. RIPS, a pro trader, curates the memo, offering insights and real-time mentorship to Market Clubhouse members.
March 08, 2024 | 3:12 pm
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NEUTRAL IMPACT
AAPL's stock could rise towards 171.13 if it maintains support at 168.99, or fall to 167.09 if it breaks below.
AAPL's potential for both bullish and bearish movements is based on its ability to maintain or lose its current support level, indicating a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL could advance to 136.29 if it holds above 133.78, or decline to 130.41 if it breaks below.
GOOGL's short-term impact is neutral, with potential for growth or decline based on its ability to maintain or lose its current support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META could rise to 526.29 if it remains above 512.85, or fall to 500.83 if support fails.
META's short-term impact is neutral, with a chance for bullish or bearish movement depending on its ability to maintain or lose its current support level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT could see an upward trend towards 413.14 if it stays above 407.11, or a decline to 397.65 if support fails.
MSFT's short-term impact is neutral, with potential for bullish or bearish movement based on its ability to hold above or fall below a pivotal level.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA could climb to 980.21 if it surpasses 955.43, or drop to 913.30 if it fails to maintain support at 950.29.
NVDA's short-term price direction is neutral, with a possibility of bullish or bearish outcomes depending on its performance relative to key support and resistance levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ's analysis indicates a bullish breakout potential above 446.51, aiming for 452.98, and a bearish perspective if it falls below 445.09, targeting 438.89.
QQQ's short-term price direction is uncertain, depending on its ability to surpass or fall below key levels, suggesting a neutral impact with potential for either direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY analysis suggests potential bullish movement above 515.68, targeting 521.85, and bearish scenario below 514.62, with a low target of 508.83.
Given the detailed analysis, SPY's price movement is contingent on breaking specific resistance or support levels, indicating a neutral short-term impact with a tilt towards bullish or bearish based on market reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA could target 189.22 if it surpasses 182.53, or descend to 169.70 if it fails to hold 179.79.
TSLA's short-term impact is neutral, with potential for either bullish or bearish outcomes based on its performance relative to key support and resistance levels.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90