Market Clubhouse Morning Memo - October 1st, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Traders are advised to monitor these stocks for potential breakouts or reversals. The memo highlights important support and resistance levels for each asset, suggesting possible bullish or bearish scenarios. The session coincides with the release of significant economic indicators, which could increase market volatility.
October 01, 2024 | 2:58 pm
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NEUTRAL IMPACT
AAPL is trading around 230.25. Bulls aim for 234.20, while bears could drive it to 226.08 if support breaks.
AAPL's current trading level is pivotal for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL is around 167.04. Bulls target 171.14, while bears could push it to 161.79 if support fails.
GOOGL's current trading level is crucial for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META is trading around 573.25. Bulls aim for 591.29, while bears could drive it to 553.05 if support breaks.
META's current trading level is pivotal for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT is around 429.25. Bulls target 432.49, while bears could push it to 425.16 if support fails.
MSFT's current trading level is crucial for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA is trading near 121.97. Bulls aim for 128.10, while bears could drive it to 116.61 if support breaks.
NVDA's current trading level is pivotal for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ is near a pivot at 487.69. Bulls target 495.35, while bears could push it to 479.03 if support fails.
QQQ's pivot level is critical for short-term price action. The memo outlines potential bullish and bearish scenarios, suggesting traders should watch for breakouts or reversals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY is trading around 573.50, with potential upside to 577.87 if bullish momentum holds. Downside risk includes a drop to 569.16 if support fails.
SPY's current trading level is crucial for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA is near 259.81. Bulls target 269.48, while bears could push it to 254.28 if support fails.
TSLA's current trading level is crucial for determining short-term direction. The analysis provides clear bullish and bearish targets, indicating potential volatility based on market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90