Market Clubhouse Morning Memo - July 5th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for July 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, emphasizing the importance of monitoring these levels closely. Additionally, the memo highlights the significance of upcoming economic data releases, including the Non-Farm Payrolls report, Unemployment Rate, and Average Hourly Earnings, as well as the Federal Reserve's Monetary Policy Report, which could impact market sentiment and direction.
July 05, 2024 | 3:02 pm
News sentiment analysis
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NEUTRAL IMPACT
AAPL is trading near 220.97. Bullish momentum above this level could push it to 222.96. If 220.97 fails, it may drop to 216.70.
The memo provides specific price levels for AAPL, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 186.68. Bullish momentum above this level could push it to 188.73. If 186.68 fails, it may drop to 183.40.
The memo provides specific price levels for GOOGL, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near 512.85. Bullish momentum above this level could push it to 526.29. If 512.85 fails, it may drop to 500.83.
The memo provides specific price levels for META, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 460.78. Bullish momentum above this level could push it to 464.70. If 460.78 fails, it may drop to 453.02.
The memo provides specific price levels for MSFT, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading near 128.10. Bullish momentum above this level could push it to 133.31. If 128.10 fails, it may drop to 121.97.
The memo provides specific price levels for NVDA, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 491.82. Bullish momentum above this level could push it to 501.07. If 491.82 fails, it may drop to 481.73.
The memo provides specific price levels for QQQ, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near 551.33. Bullish momentum above 552.50 could drive it to 556.27. If 551.33 fails, it may drop to 548.13.
The memo provides specific price levels for SPY, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 250.25. Bullish momentum above this level could push it to 257.56. If 250.25 fails, it may drop to 243.98.
The memo provides specific price levels for TSLA, indicating potential bullish and bearish scenarios. Monitoring these levels can help traders make informed decisions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100