Market Clubhouse Morning Memo - August 10th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo for August 10th, 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, emphasizing the importance of monitoring these levels closely. The upcoming Producer Price Index (PPI) release and a speech by Federal Reserve member Raphael Bostic are expected to influence market movements significantly.
August 13, 2024 | 2:22 pm
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NEUTRAL IMPACT
AAPL is trading near a level of 218.08. A move above 218.08 could lead to gains, while a drop below 218.08 may result in declines.
AAPL's price action around the level of 218.08 will determine its short-term direction. A move above 218.08 could signal bullish momentum, while a drop below 218.08 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading near a level of 163.79. A move above 163.79 could lead to gains, while a drop below 163.79 may result in declines.
GOOGL's price action around the level of 163.79 will determine its short-term direction. A move above 163.79 could signal bullish momentum, while a drop below 163.79 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near a level of 520.27. A move above 520.27 could lead to gains, while a drop below 520.27 may result in declines.
META's price action around the level of 520.27 will determine its short-term direction. A move above 520.27 could signal bullish momentum, while a drop below 520.27 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading near a level of 408.46. A move above 408.46 could lead to gains, while a drop below 408.46 may result in declines.
MSFT's price action around the level of 408.46 will determine its short-term direction. A move above 408.46 could signal bullish momentum, while a drop below 408.46 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading near a key level of 109.86. A move above 110.73 could lead to gains, while a drop below 109.86 may result in declines.
NVDA's price action around the key level of 109.86 will determine its short-term direction. A move above 110.73 could signal bullish momentum, while a drop below 109.86 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near a key level of 452.14. A move above 452.98 could lead to gains, while a drop below 452.14 may result in declines.
QQQ's price action around the key level of 452.14 will determine its short-term direction. A move above 452.98 could signal bullish momentum, while a drop below 452.14 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near a critical level of 534.17. A move above 535.43 could lead to further gains, while a drop below 534.17 may result in declines.
SPY's price action around the critical level of 534.17 will determine its short-term direction. A move above 535.43 could signal bullish momentum, while a drop below 534.17 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading near a key level of 197.50. A move above 198.87 could lead to gains, while a drop below 197.50 may result in declines.
TSLA's price action around the key level of 197.50 will determine its short-term direction. A move above 198.87 could signal bullish momentum, while a drop below 197.50 may indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100