Market Clubhouse Morning Memo - October 23rd, 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 key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Traders are advised to monitor these stocks for potential breakouts or reversals. The memo also highlights important market events that could introduce volatility, such as the Bank of Canada's Interest Rate Decision and speeches by Federal Reserve officials.
October 23, 2024 | 2:39 pm
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NEUTRAL IMPACT
AAPL is at 234.97. Bulls need to defend this level for potential gains, while a break below could lead to declines.
AAPL's price action around 234.97 will determine short-term direction. Holding this level could lead to bullish momentum, while a break below could trigger bearish moves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
GOOGL is at 163.79. Bulls need to defend this level for potential gains, while a break below could lead to declines.
GOOGL's price action around 163.79 will determine short-term direction. Holding this level could lead to bullish momentum, while a break below could trigger bearish moves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
META is at 580.17. Bulls need to maintain this level for potential gains, while a break below could lead to declines.
META's price action around 580.17 will determine short-term direction. Holding this level could lead to bullish momentum, while a break below could trigger bearish moves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
MSFT is trading near 428.48. Holding this level could lead to gains, while a drop below may result in declines.
MSFT's key level of 428.48 is crucial for determining short-term price action. Holding this support could lead to bullish outcomes, while failing to hold could result in bearish trends.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
NVDA is at 142.35. Bulls need to maintain this level for potential gains, while a break below could lead to declines.
NVDA's price action around 142.35 will determine short-term direction. Holding this level could lead to bullish momentum, while a break below could trigger bearish moves.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
QQQ is near 493.60. Holding this level could lead to gains, while a drop below may result in declines.
The level of 493.60 is crucial for QQQ. Maintaining this support could lead to bullish outcomes, while failing to hold could result in bearish trends.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
SPY is at a critical level of 581.97. A move above 583.18 could lead to gains, while a drop below 581.97 may result in declines.
SPY's current level is pivotal for determining short-term price direction. A breakout above resistance could signal bullish momentum, while a breakdown below support could indicate bearish pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
TSLA is near 216.31. Bulls need to hold this level for potential gains, while a break below could lead to declines.
TSLA's key level of 216.31 is crucial for determining short-term price action. Holding this support could lead to bullish outcomes, while failing to hold could result in bearish trends.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100