Market Clubhouse Morning Memo - May 3rd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo for May 3rd, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential price movements for these assets, suggesting levels for bulls and bears to watch. The memo also highlights the importance of upcoming economic reports, including Non-Farm Payrolls, Average Hourly Earnings, and the ISM Services Index, which could significantly impact market volatility and trading strategies.
May 03, 2024 | 2:12 pm
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NEUTRAL IMPACT
AAPL's trading strategy indicates watching for a move above 182.96 towards 184.96 or below to 180.10, guided by market trends.
AAPL's outlined levels show a neutral impact with potential for both gains and losses, depending on how the market interprets today's economic data.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL's trading strategy highlights a potential move above 167.04 to 171.14 or below to 161.79, influenced by market trends.
GOOGL's outlined levels suggest a neutral impact, with potential for both upward and downward movements, depending on today's economic indicators.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META's trading levels indicate a bullish push to 453.45 or a bearish move to 429.01, based on today's trading strategy.
META's strategy suggests a neutral impact with a focus on how the market responds to the Non-Farm Payrolls and other economic reports.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT's trading levels suggest a potential rise above 399.21 to 404.92 or a fall to 394.46, based on today's market dynamics.
MSFT's strategy indicates a neutral short-term impact, with the stock's movement likely influenced by broader market reactions to economic reports.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA's analysis points to a bullish target at 898.13 or a bearish target at 842.42, depending on market sentiment.
NVDA's trading strategy shows a neutral impact with a wide range of potential movement, highlighting the importance of market sentiment following today's economic data.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ's analysis suggests key levels at 429.40 for bears and 434.76 for bulls, with today's trading strategy focused on these pivot points.
QQQ's trading levels suggest a neutral impact with potential for movement in either direction, depending on market response to the economic reports.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY's trading strategy suggests watching for a potential move above 506.71 towards 510.95 or below to 501.74, depending on market direction.
The outlined levels for SPY indicate a balanced view with potential for both upward and downward movements, suggesting a neutral short-term impact based on the proprietary formula.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA's analysis suggests watching for a bullish move to 189.22 or a bearish trend to 169.70, guided by market sentiment.
TSLA's trading levels indicate a neutral impact, with potential for significant movement in either direction, depending on the market's reaction to upcoming economic data.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90