Market Clubhouse Morning Memo - August 6th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for August 6th, 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 for potential breakouts or reversals. The memo also highlights significant economic data releases that could influence market movements, including the Trade Balance, TIPP Economic Optimism Index, Treasury's Buyback Announcement, and a 3-Year Note Auction.
August 06, 2024 | 3:46 pm
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NEUTRAL IMPACT
AAPL is trading near 208.81. Bullish targets are 209.81, 211.12, and 212.44. Bearish targets are 207.93, 207.18, 206.55, and 205.54.
The memo provides specific price levels for AAPL, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 160.36. Bullish targets are 161.79, 163.79, and 165.41. Bearish targets are 158.54, 157.41, and 156.61.
The memo provides specific price levels for GOOGL, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near 480.96. Bullish targets are 483.11, 485.96, and 488.81. Bearish targets are 479.47, 477.50, and 475.19.
The memo provides specific price levels for META, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 399.21. Bullish targets are 400.30, 401.39, and 402.74. Bearish targets are 398.38, 397.65, 395.68, and 394.46.
The memo provides specific price levels for MSFT, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading near 103.96. Bullish targets are 105.23, 106.30, 107.51, and 109.12. Bearish targets are 102.55, 101.02, 99.87, and 99.16.
The memo provides specific price levels for NVDA, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading around 440.00. Bullish targets are 440.78, 441.56, 442.53, and 445.09. Bearish targets are 438.89, 437.47, 436.58, and 435.88.
The memo provides specific price levels for QQQ, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near 521.85. Bullish targets are 522.84, 523.76, 525.26, and 526.31. Bearish targets are 520.67, 519.71, 518.76, and 518.04.
The memo provides specific price levels for SPY, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 201.85. Bullish targets are 204.33, 206.71, and 209.51. Bearish targets are 200.43, 198.87, and 197.50.
The memo provides specific price levels for TSLA, indicating potential bullish and bearish scenarios. Traders should monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100