Market Clubhouse Morning Memo - August 11th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, And NVDA)

Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, META, and NVDA.

Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members during our daily Morning Call, prior to the opening of the market.

We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis:

SPDR S&P 500 ETF Trust

SPY SPY is aiming to reclaim our pivotal 445.08 mark. Should it maintain above this today, bulls might set their sights on 446.31. With sustained buying momentum, we anticipate a surge to 447.94, with an optimistic target of 449.42.

Conversely, if 445.08 faces a downturn with significant selling, we foresee a bearish move towards 443.90 and then 443.42. A breach of this crucial range could lead to a dip to 442.61. In the event of intense selling, our bearish floor is 442.04.

Invesco QQQ Trust Series 1

The Q's QQQ are hovering just above our 366.69 benchmark. If this level remains resilient, bulls might target 367.52, with potential ascents to 368.57 and 369.39. The day's bullish peak is set at 370.08.

However, if the 369.69 mark falters, a bearish descent to 366.15 is anticipated. A further decline could see 365.59, with a bearish extreme at 364.65.

Apple Inc.

Apple AAPL is trading above our 177.31 threshold. If this holds, an upward move to 178.61 is likely, with a bullish zenith at 179.36.

A breach below 177.31 could see bears eyeing 176.29, with a potential floor at 175.09.

Microsoft Corp.

Microsoft MSFT has slipped past our 321.51 support. Bulls would aim to recover this, potentially targeting 323.17, with an optimistic ceiling at 326.05.

If 321.51 remains elusive, bears might push towards 320.05, with a pessimistic base at 318.48.

Meta Platforms Inc

Meta META trades beneath our 304.77 marker. Bulls would aim to surpass this, with a potential surge to 308.16 and an optimistic target at 309.51.

Failing to surpass 304.77 could see a bearish move to 301.71, with a floor at 300.23.

NVIDIA Corporation

NVIDIA NVDA is trading below our 419.39 benchmark. If this persists, bears might target 413.76, with a bearish nadir at 409.31.

A recovery above 419.36 could see a bullish move to 421.35, with a peak at 424.83.

Final Word: Today's focus will be on the market's reaction to the hotter-than-expected PPI data. Expect heightened volatility; stay alert and trade wisely. Best of luck!

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 get early access to the Morning Memo just like this one every single day, hours before it goes to publication. For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience.