Market Clubhouse Morning Memo - October 29th, 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. Traders are advised to monitor these levels closely for potential breakouts or reversals. The memo also notes the release of significant economic data throughout the day, which could lead to heightened market volatility.
October 29, 2024 | 3:04 pm
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NEUTRAL IMPACT
AAPL is trading near 231.76. Bulls aim for 233.28 and higher, while bears target 230.25 and lower.
AAPL's price levels are key for traders, with potential for both upward and downward movements. Economic data may influence market behavior.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
GOOGL is trading around 167.04. Bulls need to hold above this level for upward momentum, while bears target 165.41 and below.
GOOGL's current trading level is pivotal for determining market direction. Traders should watch for potential breakouts or reversals, influenced by economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
META is trading near 580.17. Bulls aim for 585.73 and higher, while bears target 573.25 and lower.
META's price levels are key for traders, with potential for both upward and downward movements. Economic data may influence market behavior.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
MSFT is trading around 427.36. Bulls need to hold above this level for upward momentum, while bears target 426.00 and below.
MSFT's current trading level is pivotal for determining market direction. Traders should watch for potential breakouts or reversals, influenced by economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
NVDA is trading near 140.28. Bulls aim for 141.21 and higher, while bears target 139.42 and lower.
NVDA's price levels are key for traders, with potential for both upward and downward movements. Economic data may influence market behavior.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
QQQ is trading around 495.35. Bulls need to hold above this level for upward momentum, while bears target 493.60 and below.
QQQ's current trading level is pivotal for determining market direction. Traders should watch for potential breakouts or reversals, influenced by economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
SPY is trading near 580.67. Bulls aim for 581.97 and higher, while bears target 579.12 and lower. Economic data may influence volatility.
SPY's price levels are crucial for traders, with potential for both upward and downward movements. Economic data releases could impact volatility, making it important to monitor these levels closely.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
TSLA is trading around 262.68. Bulls need to hold above this level for upward momentum, while bears target 259.81 and below.
TSLA's current trading level is pivotal for determining market direction. Traders should watch for potential breakouts or reversals, influenced by economic data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80