Market Clubhouse Morning Memo - August 7th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for August 7th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels for 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 events for the day, including jobless claims, wholesale inventories, trade sales data, and Treasury auctions, which could lead to market volatility.
August 08, 2024 | 2:28 pm
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NEUTRAL IMPACT
AAPL is trading around 209.81. Key levels to watch: 211.12 (bullish) and 208.81 (bearish). Economic events today could lead to volatility.
AAPL's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading around 158.54. Key levels to watch: 160.36 (bullish) and 157.41 (bearish). Economic events today could lead to volatility.
GOOGL's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 488.81. Key levels to watch: 492.33 (bullish) and 485.96 (bearish). Economic events today could lead to volatility.
META's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 398.38. Key levels to watch: 399.21 (bullish) and 397.65 (bearish). Economic events today could lead to volatility.
MSFT's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 99.16. Key levels to watch: 99.87 (bullish) and 98.02 (bearish). Economic events today could lead to volatility.
NVDA's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near 434.76. Key levels to watch: 434.76 (bullish) and 433.64 (bearish). Economic events today could lead to volatility.
QQQ's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading around 518.04. Key levels to watch: 518.76 (bullish) and 517.39 (bearish). Economic events today could lead to volatility.
SPY's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 191.52. Key levels to watch: 193.81 (bullish) and 189.22 (bearish). Economic events today could lead to volatility.
TSLA's price levels are crucial for determining market direction. Economic events today could impact these levels, leading to potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100