Market Clubhouse Morning Memo - August 1st, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo for August 1st, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key support and resistance levels for each asset, suggesting potential price targets for both bullish and bearish scenarios. The memo also highlights the importance of today's economic data releases and earnings reports from Apple and Amazon, which are expected to contribute to market volatility.
August 01, 2024 | 2:16 pm
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NEUTRAL IMPACT
AAPL is trading around 223.87 with potential bullish targets up to 226.90 and bearish targets down to 220.97.
The memo provides specific price levels for AAPL, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 171.14 with potential bullish targets up to 174.01 and bearish targets down to 165.41.
The memo provides specific price levels for GOOGL, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 508.25 with potential bullish targets up to 520.27 and bearish targets down to 498.03.
The memo provides specific price levels for META, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 419.17 with potential bullish targets up to 422.84 and bearish targets down to 413.14.
The memo provides specific price levels for MSFT, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 120.27 with potential bullish targets up to 126.84 and bearish targets down to 115.83.
The memo provides specific price levels for NVDA, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 474.66 with potential bullish targets up to 483.95 and bearish targets down to 465.93.
The memo provides specific price levels for QQQ, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 552.50 with potential bullish targets up to 557.44 and bearish targets down to 549.00.
The memo provides specific price levels for SPY, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 230.65 with potential bullish targets up to 239.92 and bearish targets down to 223.98.
The memo provides specific price levels for TSLA, indicating potential movements in both directions. This suggests a neutral short-term impact as traders react to these levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100