Good Morning Traders! Welcome to today’s edition of the Market Clubhouse Morning Memo, where we will delve into the trade strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our exclusive formula, unique to Market Clubhouse, governs these price levels. This dynamic equation factors in price, volume, and options flow. Every day, these levels are updated and dispersed to all Clubhouse Members before the market opens.
We advise close monitoring of these stocks and readiness to capitalize on potential breakouts or reversals. As always, stay vigilant and be prepared to adapt your tactics based on the market’s rhythm to maximize your trading gains. Now, let’s delve into the stock analysis:
SPDR S&P 500 ETF Trust
For the bulls, the SPY’s current trading around the 502.85 mark is crucial. A move above this level to 503.95 would be the first step in a bullish scenario.
On the flip side, if SPY fails to maintain support at 502.85, it would open the door for bearish action.
Invesco QQQ Trust Series 1
The QQQ’s performance around the 436.58 level is pivotal for the bulls.
Conversely, if the QQQ struggles to stay above 436.58, it could signal bearish control.
Apple Inc.
For Apple bulls, maintaining support at 185.86 is key after trading starts around 184.96.
Should Apple’s price fall below 184.96, it would signal bearish momentum.
Microsoft Corp.
Microsoft’s current position around 408.46 is crucial for bulls.
If Microsoft cannot sustain support at 408.46, it would indicate bearish potential.
NVIDIA Corporation
NVIDIA’s bulls are eyeing a move from the current 737.83 level to 742.85, aiming to establish it as a solid support point.
However, if NVIDIA fails to keep 737.83 as a strong support base, bears might look to lower the price to 734.72.
Alphabet Inc Class A
Alphabet’s trading dynamics around 143.77 are critical for bulls.
Conversely, if Alphabet cannot hold 143.77, it would be a bearish sign.
Meta Platforms Inc
Meta’s performance is closely watched as it trades around 483.11.
If Meta cannot maintain support at 483.11, it could indicate bearish momentum.
Tesla Inc.
Tesla’s current level of 204.33 is pivotal for bulls. A move upwards to 206.71, followed by a rally to 209.51, could signal strength.
Should Tesla fail to maintain 204.33 as support, it would signal a bearish outlook.
The Market Clubhouse: Insight into Today’s Trading Session
Investors are looking to the market with bated breath as the day’s trading session brings forth the potential for significant fluctuations. The target looms at 200.43, and the threat of further selling could drive the market down to a potential of 195.91. A dismal scenario could unfold should this level be breached, with the day’s culminating low at 193.81.
Today’s trading session is heavily influenced by the release of PPI numbers in the premarket and the occurrence of MOPEX Friday, hinting at possible high volatility. Additionally, speeches from three voting FOMC members could introduce more fluctuations. Traders are advised to exercise caution, considering the long holiday weekend. Wishing everyone a successful trading day and a very Happy Friday!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it’s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
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This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
