Market Clubhouse Morning Memo – Pre-Market Analysis for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA

## SPDR S&P 500 ETF Trust

The SPY is currently trading around our reference level of 497.55. If the market stays robust above 498.17, we aim for buyers to elevate the price to our established support level of 498.93. Should this level sustain during regular trading hours, an ascent above 500.17 could be likely. Our ambitious target for the bulls today in SPY is 501.74. Should 497.55 fail to serve as a reliable support, we expect the market to shift towards 496.93, testing its fortitude. Presence of sellers could push prices further down to 495.96. A breakdown at this level with significant selling would bring into play our stronger support at 494.93. In the event of a pronounced downtrend today, our bearish target stands at 493.24.

## Invesco QQQ Trust Series 1

The QQQ is currently trading around our pivotal level of 416.23. We are looking for buyers to sustain prices above 417.49. If 417.49 is maintained as support, the aim is to solidify 418.49 as a strong base. If the momentum continues, we could see 419.19 coming into effect. A strong market today could potentially escalate to 419.89. The highest target for bullish traders today in QQQ is 420.76. If maintaining above 416.23 becomes a challenge during today’s trading, we expect bears to drive the price down to 415.45. Observing any frailty could lead to further tests down to 414.83. If weakness persists, 414.20 could be tested next. If this fails to hold as a substantial support, our bearish target for today could fall to 413.30.

## Apple Inc.

AAPL is currently trading at our benchmark of 165.62. Bullish traders are looking for the stock to maintain this level as support. The aim for bulls is to escalate the price to 166.27, followed by a potential surge to 167.09. If the bulls dominate the trading session today, we anticipate a further rise to our bullish target of 167.59 for Apple. If Apple fails to hold 165.62 as support during today’s market hours, we will look for a downward movement to 164.71. Should selling intensify, the next target for bears would be 164.15. Persistent selling pressure might drive the price down to 163.24, and if this level is compromised, our bearish target for the day would be set at 162.69.

## Microsoft Corp.

MSFT is currently positioned around our level of 400.30. Bulls in the market are expected to sustain above 401.39 and propel the price to 402.74, which should be maintained as support during trading hours. If this key support level holds, there could be further upside, aiming for 404.92. If buying momentum remains strong, the price may escalate to our bullish daily target of 407.11 for Microsoft. Conversely, if 400.30 fails to hold as support, we would anticipate a bearish move starting at 399.21. A breach here would likely prompt further downside to 398.38. Continued bearish pressure could push prices to 397.65. Our lowest bearish target for Microsoft today is set at 395.68.

## NVIDIA Corporation

NVDA is currently navigating around our critical level of 775.50. Bulls are encouraged to drive the price towards 781.59, seeking to reaffirm this as a solid support point. Subsequently, we aim for a climb to 787.68. Should buying activity persist, we anticipate an upward movement to 791.44, with our highest bull target set at 794.94 for the day. If 775.50 fails to establish itself as strong support during today’s trading, bears will likely push for a test at 771.72. A breach of this level might lead to a further drop to 765.63. If market conditions weaken, we could see a test at 761.29. Continued bearish trends could lower the target to our daily bear minimum of 755.75.

## Alphabet Inc Class A

GOOGL’s trading activity is currently centered around the level of 154.44. Bulls are aiming to hold this as a support base and propel the price to 154.95. With continued upward momentum, we might see the price reaching our bullish target of 155.59. If the support at 154.44 is compromised during regular trading hours, bearish traders might drive the price down to 153.93. A failure here could lead to further testing at 153.54. In case of substantial selling, our bearish target for Alphabet today is set at 152.94.

## Meta Platforms Inc

META is trading around the level of 485.96. Bulls are hoping to sustain this as a support level and propel trading higher to 488.81. Strong buyer activity could further drive the price to 492.33, with an aim to reach our bullish target of 495.54 for today. If Meta cannot maintain 485.96 as support, the focus shifts to the downside with an initial target of 483.11. Increased selling pressure could lead to a further drop to 480.96. If this level is breached, the bearish target for today is set at 479.47.

## Tesla Inc.

TSLA is currently trading at the key level of 141.94. Bulls are looking to push the price to 143.67. Continued buyer activity could lead to a rally towards 145.07. A strong overall market rally today might push Tesla even higher, potentially testing 146.46. Our bullish end-of-day target for Tesla is 148.45. If 141.94 does not hold as a strong support today, we expect a lower test at 139.15. Persistent selling might bring the price further down to 136.35. If this critical level is breached, the price might drop to our bearish day-end target of 134.62.

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