Market Clubhouse Morning Memo - August 9th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for August 9th, 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 session is expected to have lower volatility due to a lack of significant U.S. economic data releases, but traders should be cautious of potential volatility spikes from large orders and expiring options.
August 09, 2024 | 2:50 pm
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NEUTRAL IMPACT
AAPL is trading around 212.44. Bullish targets: 214.07, 215.25, 216.70. Bearish targets: 211.12, 209.81, 208.81, 207.93.
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 161.79. Bullish targets: 163.79, 165.41. Bearish targets: 160.36, 158.54, 157.41.
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 508.25. Bullish targets: 512.85, 515.39, 520.27. Bearish targets: 504.54, 500.83, 498.03.
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 near 406.01. Bullish targets: 407.11, 408.46, 409.69, 410.64. Bearish targets: 404.92, 402.74, 401.39, 400.30.
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 106.30. Bullish targets: 107.51, 109.12, 109.86, 110.73. Bearish targets: 105.23, 103.96, 102.55, 101.02.
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 near 449.36. Bullish targets: 450.98, 452.14, 452.98, 454.10. Bearish targets: 447.73, 446.51, 445.43, 445.09.
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 531.57. Bullish targets: 532.56, 534.17, 535.43, 536.31. Bearish targets: 530.77, 530.09, 528.66, 527.36.
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 200.43. Bullish targets: 201.85, 204.33, 206.71, 209.51. Bearish targets: 198.87, 197.50, 195.91.
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