TSLA - Market Clubhouse Morning Memo - April 3rd 2024 (Trade Strategy For SPY QQQ AAPL MSFT NVDA GOOGL META and TSLA) | Benzinga
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
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, 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 (NYSEARCA: SPY) The SPY is currently trading around the level of 518.04. For those looking for upward movement, the first goal is to reach 518.76. Should the SPY maintain its momentum and stay above this level, the next objective for buyers would be to elevate the price to 519.71. Holding this level during the trading day could indicate potential for further ascension to 520.67.
On the flip side, if the SPY fails to sustain support at 518.04, we anticipate the bears to challenge the level of 517.39. A bearish presence could prompt a downward test to 516.58. Should this level fail under the pressure of heavy selling, a more substantial support awaits at 515.68. In the event of a pronounced downturn, the bearish target is set at 514.62.
Invesco QQQ Trust Series 1 (NASDAQ: QQQ) The QQQ ETF, known as the Q's, is hovering around the pivotal 440.00 mark. Bulls will be eyeing an ascent above 440.78, with the aim of solidifying this as a support level. Success here could lead to a surge towards 441.56, establishing it as a robust base for further bullish activity. If the momentum continues, the next levels to watch are 442.53 and potentially 444.09.
Conversely, should the Q's falter below 440.00, the bears might seize control, driving the price down to 438.89. A continued display of weakness could see further tests at 437.47 and then at 436.58. If the downward pressure persists and these levels are breached, the bearish focus shifts to the day's lower target of 435.88.
Apple Inc. (NASDAQ: AAPL) Apple's stock is presently navigating around the 168.99 mark. For a bullish ...
TSLA)>Full story available on Benzinga.com