Market Clubhouse Morning Memo - October 4th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
The Market Clubhouse Morning Memo provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, highlighting key support and resistance levels for each. The memo emphasizes the importance of monitoring these stocks for potential breakouts or reversals, especially with upcoming economic indicators and a Fed official's speech that could impact market volatility.
October 04, 2024 | 2:52 pm
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NEUTRAL IMPACT
AAPL is trading near 226.08. Bullish targets up to 230.25, while a breakdown could lead to 222.24.
AAPL's price levels are critical for tech investors. The memo outlines potential bullish and bearish scenarios, indicating possible volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is trading near 165.41. Bullish targets up to 169.34, while a failure to hold support could see a decline to 160.36.
GOOGL's trading levels are significant for tech sector trends. The memo provides clear bullish and bearish targets, suggesting potential market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is trading around 585.73. Bullish targets up to 609.30, while a breakdown could lead to 565.53.
META's price levels are critical for social media sector performance. The memo outlines potential bullish and bearish scenarios, indicating possible volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading around 417.25. Bullish targets up to 421.62, while a failure to hold support could see a decline to 411.72.
MSFT's trading levels are significant for tech sector trends. The memo provides clear bullish and bearish targets, suggesting potential market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is trading close to 123.41. Bullish targets up to 129.53, while a breakdown could lead to 117.86.
NVDA's price levels are crucial for semiconductor sector performance. The memo outlines potential bullish and bearish scenarios, indicating possible volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is trading near 483.95. Bullish targets range up to 491.82, while failure to hold support could see a decline to 474.66.
QQQ's trading levels are pivotal for tech sector performance. The memo provides clear bullish and bearish targets, suggesting potential market swings.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is trading near 569.16. Bullish momentum requires a move to 569.98, with targets up to 573.50. If 569.16 fails as support, expect a decline to 564.29.
SPY's price levels are crucial for determining market direction. The memo outlines specific targets for both bullish and bearish scenarios, indicating potential volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is trading around 243.98. Bullish targets up to 252.38, while a failure to hold support could see a decline to 238.50.
TSLA's trading levels are significant for automotive sector trends. The memo provides clear bullish and bearish targets, suggesting potential market movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100