Market Clubhouse Morning Memo - August 2nd, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for August 2nd, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo highlights potential bullish and bearish targets for each asset based on proprietary formulas. The release of critical economic data, including the Non-Farm Payrolls report, is expected to create significant market volatility.
August 02, 2024 | 2:30 pm
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NEUTRAL IMPACT
AAPL is currently auctioning around 220.29. Key levels to watch are 220.97 and 221.66 for bullish momentum, and 219.19 and 218.08 for bearish pressure.
AAPL's price action will be influenced by both company-specific factors and broader market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is currently auctioning around 167.04. Key levels to watch are 169.34 and 171.14 for bullish momentum, and 165.41 and 163.79 for bearish pressure.
GOOGL's price action will be influenced by both company-specific factors and broader market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is currently auctioning around 495.54. Key levels to watch are 498.03 and 500.83 for bullish momentum, and 492.33 and 488.81 for bearish pressure.
META's price action will be influenced by both company-specific factors and broader market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is currently auctioning around 409.69. Key levels to watch are 410.64 and 411.72 for bullish momentum, and 408.46 and 407.11 for bearish pressure.
MSFT's price action will be influenced by both company-specific factors and broader market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is currently auctioning around 105.23. Key levels to watch are 106.30 and 107.51 for bullish momentum, and 103.96 and 102.55 for bearish pressure.
NVDA's price action will be influenced by both company-specific factors and broader market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is currently auctioning around 452.14. Key levels to watch are 452.98 and 454.10 for bullish momentum, and 450.98 and 449.36 for bearish pressure.
QQQ's price action will be influenced by the broader tech sector and overall market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is currently auctioning around 537.20. Key levels to watch are 538.30 and 539.18 for bullish momentum, and 536.31 and 535.43 for bearish pressure.
SPY's price action is closely tied to broader market movements. The economic data release will likely cause significant volatility, making it crucial to monitor these key levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is currently auctioning around 216.31. Key levels to watch are 217.78 and 219.39 for bullish momentum, and 213.88 and 211.53 for bearish pressure.
TSLA's price action will be influenced by both company-specific factors and broader market sentiment. The economic data release will likely cause significant volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100