Market Clubhouse Morning Memo - October 10th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
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The Market Clubhouse Morning Memo provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, highlighting key support and resistance levels. Traders are advised to monitor these stocks for potential breakouts or reversals, with economic data releases expected to influence market volatility.
October 10, 2024 | 2:25 pm
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NEUTRAL IMPACT
AAPL is trading near 229.03. Bulls aim for 233.28, while bears could target 223.87 if support is lost.
AAPL's price levels are critical for traders. The memo outlines potential bullish and bearish targets, suggesting possible volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GOOGL is trading close to 161.79. Bulls aim for 165.41, while bears could target 157.41 if support is breached.
GOOGL's support and resistance levels are key for traders. The memo provides clear targets for potential price movements, indicating possible market shifts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
META is situated around 591.29. Bulls aim for 609.30, while bears could target 573.25 if support is lost.
META's price levels are critical for traders. The memo outlines potential bullish and bearish targets, suggesting possible volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
MSFT is trading near 416.32. Bulls need to hold this level for a move to 420.26. Bears could push to 410.64 if support fails.
MSFT's support and resistance levels are pivotal for traders. The memo provides clear targets for potential price movements, indicating possible market shifts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVDA is hovering around 132.19. Bulls aim for 136.98, while bears could target 126.84 if support is lost.
NVDA's price levels are crucial for traders. The memo outlines potential bullish and bearish targets, suggesting possible volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
QQQ is positioned around 491.82. Bulls need to defend this level for a move to 498.37. If support fails, bears could push to 483.95.
QQQ's support and resistance levels are key for traders. The memo provides clear targets for potential price movements, indicating possible market shifts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY is trading near 575.67. Bullish momentum requires a move above 576.62, with targets up to 580.67. On the downside, failure to hold 575.67 could lead to 571.06.
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 70
RELEVANCE 80
NEUTRAL IMPACT
TSLA is trading near 243.98. Bulls aim for 252.38, while bears could target 238.50 if support is lost.
TSLA's support and resistance levels are pivotal for traders. The memo provides clear targets for potential price movements, indicating possible market shifts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80