Market Clubhouse Morning Memo - May 31st, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo for May 31st, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels for bullish and bearish scenarios for each asset. Additionally, the release of the Personal Consumption Expenditures (PCE) Deflator, end-of-month flows, and weekly options expirations are expected to influence today's trading session.
May 31, 2024 | 2:41 pm
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NEUTRAL IMPACT
AAPL is trading around 190.52. Bullish targets are 191.57, 192.27, and 192.76. Bearish targets are 189.44, 188.56, 187.50, and 186.99.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 171.14. Bullish targets are 172.28, 174.01, and 175.12. Bearish targets are 169.34, 167.04, and 165.41.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 462.20. Bullish targets are 465.81, 468.38, 470.28, and 472.19. Bearish targets are 458.59, 455.87, and 453.45.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 413.14. Bullish targets are 414.56, 416.32, 419.17, and 421.62. Bearish targets are 411.72, 409.69, 408.46, and 407.11.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 1,107.30. Bullish targets are 1,117.05, 1,125.42, 1,142.91, and 1,158.33. Bearish targets are 1,098.63, 1,091.24, 1,075.18, and 1,052.31.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 449.36. Bullish targets are 450.98, 452.98, 455.29, and 457.55. Bearish targets are 447.73, 445.09, 442.53, and 440.00.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 521.85. Bullish targets are 522.84, 525.26, 527.36, and 530.09. Bearish targets are 519.71, 518.04, 516.58, and 514.62.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 176.34. Bullish targets are 179.79, 182.53, 184.10, and 186.10. Bearish targets are 172.61, 169.70, and 166.89.
The memo provides specific price levels for both bullish and bearish scenarios, indicating potential volatility and trading opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100