Market Clubhouse Morning Memo - September 14th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, META, GOOGL, TSLA, And NVDA)

Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, META, GOOGL, TSLA, 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 currently positioned around our pivotal 448.64 mark. For those bullish, maintaining a position above 448.64 is essential. A positive momentum today could propel it towards 449.42. If this trend persists, we might see levels reaching 450.23, solidifying it as a support. The day's optimistic target for SPY stands at 451.01.

On the flip side, if 448.64 doesn't stand firm, we anticipate a bearish descent towards 447.94. Should selling intensify and 447.94 fails to act as a sturdy support, the next bearish target is 446.31. In the event of significant sell-offs, our pessimistic target for SPY today is 445.08.

Invesco QQQ Trust Series 1

The Q's QQQ are hovering around our 375.98 benchmark. For a positive outlook, it's crucial to see activity above 375.98. With sustained buying, we'd anticipate 377.58 to act as a new support. For bulls to dominate today, maintaining levels above 377.58 is key. A surge in buying could push the price to 378.93, with an ultimate bullish target for the day at 380.41.

However, if selling dominates, we expect the bears to challenge our 375.18 support. Should the price fail to stay above 375.18, a bearish move towards 373.82 is likely. If 373.82 doesn't hold, the next level to watch is 372.91, with the day's most bearish target at 371.96.

Apple Inc.

Apple's AAPL current position is around 175.09. For an optimistic scenario, holding 175.09 as support and rallying towards 175.81 is ideal. If the positive trend continues, we could see levels of 176.29. For a dominant bullish day for Apple, reaching 176.84 is the goal, with the day's peak target at 177.31.

Conversely, if 175.09 fails to hold, a descent towards 174.05 is anticipated. If selling continues, the next target is 173.24. A breach here could set the day's bearish target for Apple at 172.35.

Microsoft Corp.

Microsoft's MSFT current position hovers around 337.80. For those bullish, a surge to 339.02 and establishing it as support is the aim. A further rally could target 340.36. If this level is maintained, we could see a push towards 341.41, with the day's peak target at 343.68.

If 337.80 fails to act as support, a bearish move towards 335.96 is likely. A breach here could set the day's bearish target for Microsoft at 333.46, with the lowest expected level at 331.24.

Meta Platforms Inc

Meta META is trading around 304.77. For those bullish, holding 304.77 as support and aiming for 308.16 and 309.51 is the strategy. If the positive momentum persists, the day's peak target for Meta is 311.42.

If 304.77 doesn't hold, a descent towards 301.71 and then 300.23 is anticipated. A breach here could set the day's bearish target for Meta at 295.97.

Alphabet Inc Class A

Alphabet GOOGL is trading around 137.79. For a positive outlook, reclaiming and maintaining 137.79 as support, then targeting 138.39 is the strategy. If the positive trend continues, the day's peak target for Alphabet is 140.59.

Conversely, if 137.79 fails to hold, a descent towards 136.29 is anticipated. A breach here could set the day's bearish target for Alphabet at 133.76.

Tesla Inc.

Tesla TSLA is positioned around 272.42. For those bullish, maintaining 272.42 as support and targeting 275.07 is the strategy. If the positive momentum persists, we could see levels of 278.11, with the day's peak target at 281.32.

If 272.42 doesn't hold, a descent towards 269.48 is anticipated. A breach here could set the day's bearish target for Tesla at 264.46.

NVIDIA Corporation

NVIDIA NVDA is trading around 458.20. For a positive outlook, holding 458.20 as support and targeting 461.49 is the strategy. If 461.49 is reclaimed and maintained, a push towards 464.95 is anticipated, with the day's peak target at 470.17.

Conversely, if 458.20 fails to hold, a descent towards 454.09 is anticipated. A breach here could set the day's bearish target for NVIDIA at 447.05.

Final Word: Today's trading session will be influenced by the PPI, Jobless Claims, and Retail Sales data released this morning. Trading will largely be a reaction to these data points, coupled with positioning for tomorrow's Quad Witching contract expiries. Exercise caution and discipline, as volatility is expected to be high. 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.

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