Market Clubhouse Morning Memo - October 16th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)
Portfolio Pulse from RIPS
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 for each. Traders are advised to monitor these levels closely for potential breakouts or reversals. The memo emphasizes the importance of staying alert and adjusting tactics based on market conditions, especially given the light economic data schedule for the day.
October 16, 2024 | 2:25 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
AAPL trading near 233.28. Bulls target 235.74, while bears could see it drop to 227.82 if support fails.
AAPL's price levels are critical for tech investors. The memo outlines potential bullish and bearish outcomes based on support and resistance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
GOOGL is around 165.41. Bulls aim for 169.34, while bears could push it to 160.36 if support fails.
GOOGL's price action is pivotal for tech sector sentiment. The memo provides clear bullish and bearish scenarios, indicating potential market shifts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
META trading near 585.73. Bulls target 604.50, while bears could see it drop to 565.53 if support fails.
META's price levels are critical for social media investors. The memo outlines potential bullish and bearish outcomes based on support and resistance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
MSFT is around 417.25. Bulls aim for 421.62, while bears could push it to 411.72 if support fails.
MSFT's price action is pivotal for tech sector sentiment. The memo provides clear bullish and bearish scenarios, indicating potential market shifts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
NVDA trading near 132.19. Bulls target 136.98, while bears could see it drop to 126.84 if support fails.
NVDA's price levels are crucial for semiconductor investors. The memo outlines potential bullish and bearish outcomes based on support and resistance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
QQQ is around 491.82. Bulls aim for 498.37, while bears could push it to 483.95 if support fails.
QQQ's movement is indicative of tech sector performance. The memo provides clear bullish and bearish scenarios, highlighting potential market shifts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
SPY is trading near 580.67. Bulls target 587.31 if support holds, while bears aim for 575.67 if it fails.
SPY's price action is crucial for market sentiment. The memo outlines specific bullish and bearish targets, indicating potential volatility based on support and resistance levels.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
TSLA is around 220.65. Bulls aim for 228.45, while bears could push it to 216.31 if support fails.
TSLA's price action is crucial for automotive sector sentiment. The memo provides clear bullish and bearish scenarios, indicating potential market shifts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90