Market Clubhouse Morning Memo - September 15th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, TSLA, GOOGL, META, And NVDA)

Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, TSLA, GOOGL, 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

Currently, SPY SPY trades around the pivotal 449.42 mark. Bullish activity above this mark might result in a push to 450.23. If momentum continues, we could see SPY climb further to 451.01, establishing that as a new support. The ultimate bull target today for SPY sits at 451.61.

Conversely, should 449.42 not hold, we anticipate a potential drop to 448.64. Continued downward momentum might drive SPY to our 447.94 support marker. If this support is compromised, the bearish aim becomes 446.31. In a strong downward trend, we might see it touch 445.08.

Invesco QQQ Trust Series 1

The QQQ QQQ trades near a crucial 376.78 point. Bullish action above this point could lead to 377.58. With sustained buying interest, we might witness it reach 378.93. A strong bullish push could drive the price up to 380.41.

On the flip side, if selling pressure intensifies, 376.78 might be tested as a support level. A decline below this could see it touching 375.98. In a steeper drop, we might see 375.18 tested, and in extreme cases, drop to 373.82.

Apple Inc.

Apple AAPL trades near 175.81. A bullish sentiment might push it to 176.29 and then to 176.84. If bulls dominate the session, a potential high of 177.31 is anticipated.

However, if 175.81 falters, a drop to 175.09 becomes likely. A bearish trend might see Apple drop to 174.05 or even 173.24 in extreme conditions.

Microsoft Corp.

Microsoft MSFT hovers around 337.80. Bullish trends could lead it to 339.02 and eventually 340.36. Strong buying activity might push the price to 343.68.

But if 337.80 doesn't hold, a decline to 335.96 is plausible. A stronger bearish presence could push Microsoft down to 333.46 or even 331.24.

Tesla Inc.

Tesla TSLA is trading near 278.11. Bulls might drive it upwards to 281.32 or even 283.95. If the upward trend continues, it could reach 286.34.

But if 278.11 breaks, a move to 275.07 becomes likely. More bearish activity could take it down to 272.42 and potentially to 269.48.

Alphabet Inc Class A

Alphabet GOOGL trades close to 137.79. A bullish trend could see it touch 138.39 and possibly go up to 140.59.

If 137.79 isn't maintained, a drop to 136.29 might occur. More intense selling could drag Alphabet to 134.96 or even 133.76.

Meta Platforms Inc

Meta META revolves around the 311.42 mark. Positive momentum could drive it to 314.41 and then 315.70. In an optimistic scenario, it might reach 317.90.

However, if 311.42 breaks, a slide to 309.51 and then 308.16 becomes likely. In a bearish case, it might touch 304.77.

NVIDIA Corporation

NVIDIA NVDA trades around 454.09. If bulls take control, it might rise to 458.20 and even 461.49. The bullish ceiling today is expected at 464.95.

But if 454.09 fails to hold, NVIDIA might retract to 450.04. In a strong downtrend, it could descend to 447.05 and possibly to 442.76.

Final Word: Today's trading session revolves around the heightened volatility due to the Triple Witching phenomenon. With an unprecedented $3.4 trillion in options set to expire, the highest ever recorded for September, it's imperative to tread cautiously, stay alert, and keep your head on a swivel. Wishing you a successful trading day. Let's finish the week strong!

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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