Market Clubhouse Morning Memo - July 31st, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for July 31st, 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. Additionally, the memo highlights significant economic data releases and the FOMC Interest Rate Decision, which are expected to create a volatile trading environment.
July 31, 2024 | 2:16 pm
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NEUTRAL IMPACT
AAPL is trading near 220.29. Bullish targets are 220.97, 221.66, and 222.24. Bearish targets are 219.19, 218.08, 216.70, and 215.25.
AAPL's price levels indicate potential for both upward and downward movements. Monitoring these levels is crucial for traders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 171.14. Bullish targets are 172.28 and 174.01. Bearish targets are 169.34, 167.04, and 165.41.
GOOGL's price levels suggest potential for significant movements in either direction. Traders should be prepared for volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near 462.20. Bullish targets are 464.57, 465.81, 468.38, and 470.28. Bearish targets are 458.59, 455.87, and 453.45.
META's price levels indicate potential for both upward and downward movements. Monitoring these levels is crucial for traders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 409.69. Bullish targets are 410.64, 411.72, 413.14, and 414.56. Bearish targets are 408.46, 407.11, 406.01, and 404.92.
MSFT's price levels suggest potential for significant movements in either direction. Traders should be prepared for volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading near 109.86. Bullish targets are 110.73, 111.70, 112.54, and 113.68. Bearish targets are 109.12, 107.51, 106.30, and 105.23.
NVDA's price levels indicate potential for both upward and downward movements. Monitoring these levels is crucial for traders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 463.56. Bullish targets are 465.93, 467.60, 469.27, and 471.33. Bearish targets are 462.14, 460.55, 458.83, and 457.55.
QQQ's price levels suggest potential for significant movements in either direction. Traders should be prepared for volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 547.56. Bullish targets are 548.13, 549.00, 549.67, and 550.45. Bearish targets are 546.46, 545.24, 544.04, and 542.93.
SPY's price levels indicate potential for both bullish and bearish movements. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 223.98. Bullish targets are 226.53, 228.45, and 230.65. Bearish targets are 222.19, 220.65, and 219.39.
TSLA's price levels suggest potential for significant movements in either direction. Traders should be prepared for volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100