Market Clubhouse Morning Memo - October 2nd, 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, with specific bullish and bearish targets outlined for each. The memo also highlights the impact of upcoming economic data releases and Federal Reserve speeches on market volatility.
October 02, 2024 | 3:10 pm
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NEUTRAL IMPACT
AAPL is near 225.31. Bulls aim for 226.08, while a breakdown could lead to 223.87 or lower.
AAPL's price is at a critical level, with potential for upward or downward movement based on market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GOOGL is trading around 167.04. Bulls aim for 169.34, while bears could push it to 165.41 or lower.
GOOGL's price is at a key level, with potential for significant movement based on market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
META is trading near 573.25. Bulls aim for 580.17, while a breakdown could lead to 565.53 or lower.
META's price is at a critical level, with potential for upward or downward movement based on market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
MSFT is trading around 419.17. Bulls target 420.26, while bears could push it to 417.25 or lower.
MSFT's price is at a pivotal point, with potential for significant movement based on support and resistance levels.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVDA is near 115.83. Bulls need to push to 116.61, while a failure could see a decline to 115.15 or lower.
NVDA's price action is critical at current levels, with potential for upward or downward movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
QQQ is trading around 481.73. Holding above this level could lead to gains towards 483.95, while a failure could see a decline to 479.03 or lower.
QQQ's movement is contingent on maintaining or breaking key levels, which could lead to significant price changes.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY is trading near a key level of 567.81. A push above 569.16 could lead to further gains, while failure to hold 567.81 may result in a decline to 566.46 or lower.
SPY's price action is closely tied to key support and resistance levels. A breakout or breakdown from these levels could indicate significant price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TSLA is trading around 256.34. Bulls target 257.56, while bears could push it to 254.28 or lower.
TSLA's price is at a pivotal point, with potential for significant movement based on support and resistance levels.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80