Good morning traders! Today’s Market Clubhouse Morning Memo dives into the critical price levels for key stocks, including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. These levels are generated through a proprietary formula exclusive to Market Clubhouse, incorporating price, volume, and options flow. These dynamic levels are updated daily and shared with all Clubhouse members, providing a valuable edge before the market opens.
SPDR S&P 500 ETF Trust (SPY)
SPY is currently trading near our critical level of 561.90. Bulls are aiming for a push higher towards 563.23, with further potential for gains reaching 566.46. However, if 561.90 fails as support, the bears could drive the price down to 557.44.
Invesco QQQ Trust Series 1 (QQQ)
The QQQ is trading near our key level of 476.85. Bulls need to hold this level to sustain upward momentum, with a potential target of 486.10. Should 476.85 break, the bears could push the price down to 467.60.
Apple Inc. (AAPL)
Apple is currently trading around 229.03. Bulls need to hold this level to maintain upward momentum, with a potential target of 233.28. If 229.03 fails, the price could move down to 225.31.
Microsoft Corp. (MSFT)
Microsoft is trading near 413.14. Bulls are looking to hold this level as support, aiming for a potential high of 417.25. If 413.14 breaks, the bears could drive the price down to 408.46.
NVIDIA Corporation (NVDA)
NVIDIA is currently trading around 128.10. Bulls are targeting 133.31, while bears could push the price down to 121.97.
Alphabet Inc. Class A (GOOGL)
Alphabet is trading around 165.41. Bulls need to hold this level to sustain upward momentum, with a potential target of 169.34. Should 165.41 break, the bears could drive the price down to 160.36.
Meta Platforms Inc. (META)
Meta is trading near 520.27. Bulls need to hold this level, with a potential high of 534.33. If 520.27 fails, the bears could push the price down to 508.25.
Tesla Inc. (TSLA)
Tesla is trading around 209.51. Bulls are aiming for 217.78, while bears could drive the price down to 201.85.
Trading Notes
Today’s trading session starts light on economic data but gets busy later with the Treasury’s 2-Year Floating Rate Note Auction at 11:30 AM ET and the 5-Year Note Auction at 1 PM ET. These events could introduce volatility into the markets. However, the key event is NVIDIA’s earnings report after the bell. Given NVIDIA’s significant role in the tech sector and recent stock performance, this report could significantly impact the broader market. Traders should remain vigilant and ready to react to the outcomes of these events.
Market Clubhouse Membership
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