Market Clubhouse Morning Memo - August 25th, 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

Overnight, the SPY SPY experienced an upward gap, now hovering around our pivotal 437.92 mark. Bulls would benefit from holding this level firm. Strong bullish activity might propel it towards 438.29, with the next goal being 438.78. A surge beyond 438.78 could lead us to 439.66. The high bull target for today is 440.34.

Should 437.92 fail as support, anticipate a dip to 437.02. Increased selling could push it down to 436.51. A significant sell-off from there would aim for 435.59, with a deeper dip targeting 435.06. Today's bearish low target stands at 434.66.

Invesco QQQ Trust Series 1

Following QQQ a modest bounce overnight, the Q's are hovering around 361.41. The bullish trajectory aims for 362.13, with sights set on 363.23. Persistent bullish dominance could raise it to 364.65, with the bull high for the day at 365.59.

Sellers might drive it below 361.41, targeting a dip to 360.08. If it falls below this, expect 357.94, then 356.83. Continued sell-offs could lead us to 355.93, then 355.32, with the day's bearish floor at 354.24.

Apple Inc.

Apple AAPL surged overnight, now trading near 176.84. Bulls aim for 177.31, with increased momentum targeting 178.18. Today's optimistic bullish high is 178.61.

Bearish activity could lead us below 176.84, aiming for 176.29, then 175.81. In the event of a significant sell-off, the lowest bearish target is 175.09.

Microsoft Corp.

Microsoft MSFT trades close to 320.05. Bulls aim to solidify this as support, targeting a bounce to 321.51. Strong bullish momentum could push towards 323.17, then 324.81. The day's bullish high target is 326.05.

Should 320.05 falter as support, expect a descent to 318.48, then 316.04. Prolonged selling could finally bottom out at a low of 313.61.

Meta Platforms Inc

Meta META seems to have bottomed overnight, trading near 286.94. Bulls aim to maintain this, targeting an ascent to 288.87, then 291.18. The ambitious aim for today stands at a high bull target of 293.91.

Failing to uphold 286.94 could trigger a descent to 285.10, then 285.10 and 284.18. A significant sell-off could aim for 283.08, with the deepest dive today at 280.96.

NVIDIA Corporation

NVIDIA NVDA remains flat after overnight activity. Bulls need to sustain 470.17. Strong bullish sentiments aim for 473.81, followed by 478.67. The bullish threshold for today stands at 489.04.

Failing to maintain 470.17 could see a decline towards 464.95, then 461.49 and 458.20. With heightened selling, the low bear target on the day is 454.09.

Final Word: Today's market reactions will heavily depend on Jerome Powell's statements at the Jackson Hole Symposium. This event can induce significant market volatility. Stay alert, trade wisely, and best of luck, traders!

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.

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