Market Clubhouse Morning Memo - May 30th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for May 30th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels to watch for potential breakouts or reversals, based on a proprietary formula. Additionally, the memo highlights several high-impact economic events scheduled for the day, including GDP readings, jobless claims, pending home sales data, a Treasury bill auction, and a speech by Federal Reserve member John Williams. These events are expected to cause significant market movements.
May 30, 2024 | 2:34 pm
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NEUTRAL IMPACT
AAPL is trading around 190.52. Key levels to watch: 191.57, 192.27, and 192.76 for bullish moves; 189.44, 188.56, 187.50, and 186.99 for bearish moves.
The memo provides specific price levels for AAPL, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 175.12. Key levels to watch: 176.23, and 177.28 for bullish moves; 174.01, 172.28, and 171.14 for bearish moves.
The memo provides specific price levels for GOOGL, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near 470.28. Key levels to watch: 472.19, 473.93, and 475.19 for bullish moves; 468.38, 465.81, and 464.57 for bearish moves.
The memo provides specific price levels for META, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading near 426.00. Key levels to watch: 427.36, 428.48, and 429.25 for bullish moves; 425.16, 423.81, 422.84, and 421.62 for bearish moves.
The memo provides specific price levels for MSFT, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 1,136.80. Key levels to watch: 1,142.91, 1,151.55, and 1,158.33 for bullish moves; 1,125.42, 1,117.05, 1,107.30, and 1,098.63 for bearish moves.
The memo provides specific price levels for NVDA, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near 454.10. Key levels to watch: 455.29, 456.23, 457.55, and 458.83 for bullish moves; 452.98, 452.14, 450.98, and 449.36 for bearish moves.
The memo provides specific price levels for QQQ, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 523.76. Key levels to watch: 525.26, 526.31, 527.36, and 528.66 for bullish moves; 522.84, 521.85, 520.67, and 519.71 for bearish moves.
The memo provides specific price levels for SPY, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 176.34. Key levels to watch: 179.79, 182.53, and 184.10 for bullish moves; 172.61, 169.70, and 166.89 for bearish moves.
The memo provides specific price levels for TSLA, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100