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 stocks and ETFs, including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, with specific price levels to watch for potential breakouts or reversals. The memo emphasizes the importance of monitoring these assets closely, especially with upcoming economic data releases and Fed speeches that could impact market sentiment.
October 03, 2024 | 2:52 pm
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NEUTRAL IMPACT
AAPL is trading near 225.31. Bulls need to defend this level to aim for 227.82, while a failure could see a drop to 221.66.
AAPL's trading level of 225.31 is crucial for determining short-term direction. The memo provides specific targets for both bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is around 165.41. Bulls need to hold this level for a potential rise to 169.34, while a break could lead to a decline to 160.36.
The memo highlights 165.41 as a critical support level for GOOGL. Maintaining this level could lead to a bullish session, while a break could trigger a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading near 573.25. Bulls aim for 591.29, while a failure to hold could see a drop to 553.05.
META's trading level of 573.25 is crucial for determining short-term direction. The memo provides specific targets for both bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is around 417.25. Bulls need to maintain this level for a potential rise to 421.62, while a break could lead to a decline to 411.72.
The memo identifies 417.25 as a pivotal level for MSFT. Holding this level could lead to a bullish session, while a break could trigger a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading around 120.27. Bulls aim for 126.84, while a failure to hold could see a drop to 115.83.
NVDA's trading level of 120.27 is crucial for determining short-term direction. The memo provides specific targets for both bullish and bearish scenarios.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is at a key level of 481.73. Holding this level could lead to a bullish run towards 490.05, while a break below could see a decline to 471.33.
The memo highlights 481.73 as a critical support level for QQQ. Maintaining this level could lead to a bullish session, while a break could trigger a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near a critical level of 567.81. A move above 569.16 could signal bullish momentum, while a drop below 566.46 may indicate bearish pressure.
SPY's current trading level is pivotal for determining short-term direction. The memo outlines specific price levels that could trigger bullish or bearish moves, making it crucial for traders to monitor these thresholds.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is around 246.16. Bulls need to maintain this level for a potential rise to 254.28, while a break could lead to a decline to 239.92.
The memo identifies 246.16 as a pivotal level for TSLA. Holding this level could lead to a bullish session, while a break could trigger a bearish trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100