Market Clubhouse Morning Memo - May 22nd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo for May 22nd, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential bullish and bearish targets for each asset. Additionally, it highlights the day's economic events, including the MBA Mortgage Application numbers, a speech from a Federal Reserve member, Existing Home Sales data, a 20-Year Bond Auction, and the FOMC Meeting Minutes. NVIDIA's earnings report, scheduled for release after market close, is expected to cause significant volatility.
May 22, 2024 | 3:12 pm
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NEUTRAL IMPACT
AAPL is trading near 191.57. Bullish targets are 192.27, 192.76, and 193.18. Bearish targets are 190.52, 189.44, 188.20, and 187.50.
The memo provides specific price levels for AAPL, indicating potential bullish and bearish movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is near 177.28. Bullish targets are 179.15 and 180.46. Bearish targets are 176.23, 175.12, and 174.01.
The memo outlines key price levels for GOOGL, suggesting potential bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is positioned around 464.57. Bullish targets are 465.81, 468.38, and 470.28. Bearish targets are 462.20, 458.59, and 455.87.
The memo provides specific price levels for META, indicating potential bullish and bearish movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is near 430.25. Bullish targets are 431.25, 432.49, and 434.49. Bearish targets are 429.25, 428.48, 427.36, and 426.00.
The memo outlines key price levels for MSFT, suggesting potential bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is around 950.29. Bullish targets are 961.78, 980.21, 998.75, and 1,025.53. Bearish targets are 937.84, 922.67, 907.51, and 865.62.
The memo provides specific price levels for NVDA, indicating potential bullish and bearish movements. The upcoming earnings report could cause significant volatility.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
QQQ is positioned around 455.29. Bullish targets are 456.23, 457.55, 458.83, and 460.55. Bearish targets are 454.10, 452.98, 452.14, and 450.98.
The memo outlines key price levels for QQQ, suggesting potential bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 530.77. Bullish targets are 531.57, 532.56, 534.17, and 535.43. Bearish targets are 530.09, 528.66, 527.36, and 526.31.
The memo provides specific price levels for SPY, indicating potential bullish and bearish movements based on market conditions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 184.10. Bullish targets are 186.10, 189.22, 191.22, and 193.81. Bearish targets are 182.53, 179.79, and 176.34.
The memo outlines key price levels for TSLA, suggesting potential bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100