Market Clubhouse Morning Memo - October 22nd, 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 price levels and potential market movements. Traders are advised to monitor these stocks for breakouts or reversals, with economic data releases and upcoming tech earnings potentially impacting market sentiment.
October 22, 2024 | 3:08 pm
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NEUTRAL IMPACT
AAPL is trading near 234.97. Holding above could target 237.49, while a break below may lead to 230.25.
AAPL's current trading level is crucial for determining short-term price direction, with potential for a significant move.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GOOGL is trading around 163.79. A move higher could target 167.04, while a drop below may lead to 158.54.
GOOGL's position at a key level suggests potential for a significant price move depending on market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
META is near 573.25. A bullish move could target 591.29, while a bearish break may lead to 553.05.
META's current level is pivotal for determining short-term direction, with potential for significant price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
MSFT is around 416.32. A move higher could target 420.26, while a drop below may lead to 410.64.
MSFT's position at a key level suggests potential for a significant price move depending on market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVDA is at 142.35. A bullish move could target 148.52, while a bearish break may lead to 138.55.
NVDA's current level is pivotal for determining short-term direction, with potential for significant price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
QQQ is near support at 491.82. A rally could target 496.94, while a drop below 491.82 may lead to 483.95.
QQQ's position near a key support level suggests potential for significant movement depending on whether it holds or breaks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY is at a critical level of 580.67. A move above 581.97 could target 585.37, while a drop below 580.67 may lead to 575.67.
SPY's current level is pivotal for determining short-term direction. A breakout or breakdown from this level could indicate significant price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TSLA is at 217.78. A move higher could target 223.98, while a drop below may lead to 211.53.
TSLA's position at a key level suggests potential for a significant price move depending on market conditions.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80