Market Clubhouse Morning Memo - June 12th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo for June 12th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential movements for each asset, emphasizing the importance of monitoring these stocks for breakouts or reversals. The memo also highlights the significance of the upcoming CPI data release and the FOMC Interest Rate Decision, which could lead to heightened market volatility.
June 12, 2024 | 2:23 pm
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NEUTRAL IMPACT
AAPL is trading around 205.54. Bulls need to push above this level to target 207.18 and higher. Failure to hold 205.54 could lead to a bearish move towards 204.33 and lower.
The memo provides specific price levels for AAPL, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading near 177.28. Bulls need to push above this level to target 179.15 and higher. Failure to hold 177.28 could lead to a bearish move towards 176.23 and lower.
The memo provides specific price levels for GOOGL, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 508.25. Bulls need to push above this level to target 512.85 and higher. Failure to hold 508.25 could lead to a bearish move towards 504.54 and lower.
The memo provides specific price levels for META, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading near 434.49. Bulls need to push above 435.79 for a potential rally to 437.10 and beyond. Failure to hold 434.49 could lead to a bearish move towards 432.49 and lower.
The memo provides specific price levels for MSFT, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 120.27. Bulls need to push above this level to target 121.97 and higher. Failure to hold 120.27 could lead to a bearish move towards 119.44 and lower.
The memo provides specific price levels for NVDA, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 467.60. Bulls aim for a move above 469.27 to target 471.33 and higher. Failure to hold 467.60 could lead to a bearish move towards 465.93 and lower.
The memo provides specific price levels for QQQ, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near 537.20. Bulls need to push above 540.07 for a potential rally to 542.93 and beyond. Failure to hold 537.20 could lead to a bearish move towards 535.43 and lower.
The memo provides specific price levels for SPY, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 169.70. Bulls need to push above this level to target 172.61 and higher. Failure to hold 169.70 could lead to a bearish move towards 166.89 and lower.
The memo provides specific price levels for TSLA, indicating potential bullish and bearish scenarios. The upcoming CPI data and FOMC decision could influence these movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100