Market Clubhouse Morning Memo - June 5th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for June 5th, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset based on proprietary formulas considering price, volume, and options flow. Additionally, significant economic releases such as the ADP Non-Farm Employment Change, Bank of Canada's interest rate decision, S&P Global Services PMI, and ISM Services Index are expected to impact market volatility.
June 05, 2024 | 2:23 pm
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NEUTRAL IMPACT
AAPL is trading near 194.83. Bullish targets: 195.25, 195.67, 196.01. Bearish targets: 194.40, 193.95, 193.18, 192.76.
AAPL's price levels are important for traders to watch for potential breakouts or reversals. Economic releases may add volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 174.01. Bullish targets: 175.12, 176.23. Bearish targets: 172.28, 171.14, 169.34.
GOOGL's price levels are important for traders to monitor for potential breakouts or reversals. Economic releases may add volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 477.50. Bullish targets: 479.47, 480.96, 483.11. Bearish targets: 475.19, 473.93, 472.19.
META's price levels are crucial for traders to watch for potential market movements. Economic data releases may influence volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 417.25. Bullish targets: 419.17, 420.26, 421.62. Bearish targets: 416.32, 414.56, 413.14, 411.72.
MSFT's price levels are crucial for traders to monitor for potential market movements. Economic data releases may influence volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 1,178.60. Bullish targets: 1,194.44, 1,202.78, 1,219.70, 1,234.19. Bearish targets: 1,166.09, 1,158.33, 1,151.55, 1,142.92.
NVDA's price levels are key for traders to watch for potential market movements. Economic data releases may influence volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 456.23. Bullish targets: 457.55, 458.83, 460.55, 462.14. Bearish targets: 455.29, 454.10, 452.98, 452.14.
QQQ's price levels are key for traders to monitor for potential market movements. Economic data releases may influence volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near 528.66. Bullish targets: 530.09, 530.77, 531.57, 532.56. Bearish targets: 527.36, 526.31, 525.26, 523.76.
SPY's price levels are crucial for traders to watch for potential breakouts or reversals. Economic releases may add volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 176.34. Bullish targets: 179.79, 182.53, 184.10, 186.10. Bearish targets: 172.61, 169.70, 166.89.
TSLA's price levels are key for traders to monitor for potential market movements. Economic data releases may influence volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100