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 (SPY)
SPY is currently trading near the 587.31 zone. If buyers can gain traction above this level, we’ll be watching for a quick move toward 589.71. A sustained hold above 589.71 could open the door for a continued move higher into 592.00. Should that level find buyers, we’d anticipate upward continuation targeting 593.73. If bullish momentum persists throughout the session, the final upside target for the day sits at 595.14.
Should SPY struggle to maintain 587.31 as support, the next area to watch on the downside is 585.75. If this level is breached, expect sellers to try to press the auction lower into 584.68. A breakdown through that level with strong downside momentum could drag price down to 583.18. If the market turns particularly heavy, the lowest downside level we’re monitoring today is 581.97.
Invesco QQQ Trust Series 1 (QQQ)
QQQ is holding near the 515.00 level as the session begins. Bulls need to step in here to defend this spot, and if successful, we’re looking for a move toward 516.58. Continued strength could carry the auction through to 517.97. Should buyers remain in charge, a break toward 518.65 is on the table. The highest upside marker we’re tracking today is 519.87.
If 515.00 fails to hold as support, we’re watching for sellers to push the price down toward 513.64. If the downside intensifies, further targets include 511.53, with a heavier liquidation possibly taking the …
Full story available on Benzinga.com
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 (SPY)
SPY is currently trading near the 587.31 zone. If buyers can gain traction above this level, we’ll be watching for a quick move toward 589.71. A sustained hold above 589.71 could open the door for a continued move higher into 592.00. Should that level find buyers, we’d anticipate upward continuation targeting 593.73. If bullish momentum persists throughout the session, the final upside target for the day sits at 595.14.
Should SPY struggle to maintain 587.31 as support, the next area to watch on the downside is 585.75. If this level is breached, expect sellers to try to press the auction lower into 584.68. A breakdown through that level with strong downside momentum could drag price down to 583.18. If the market turns particularly heavy, the lowest downside level we’re monitoring today is 581.97.
Invesco QQQ Trust Series 1 (QQQ)
QQQ is holding near the 515.00 level as the session begins. Bulls need to step in here to defend this spot, and if successful, we’re looking for a move toward 516.58. Continued strength could carry the auction through to 517.97. Should buyers remain in charge, a break toward 518.65 is on the table. The highest upside marker we’re tracking today is 519.87.
If 515.00 fails to hold as support, we’re watching for sellers to push the price down toward 513.64. If the downside intensifies, further targets include 511.53, with a heavier liquidation possibly taking the …
Full story available on Benzinga.com
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 (SPY)
SPY is currently trading near the 587.31 zone. If buyers can gain traction above this level, we’ll be watching for a quick move toward 589.71. A sustained hold above 589.71 could open the door for a continued move higher into 592.00. Should that level find buyers, we’d anticipate upward continuation targeting 593.73. If bullish momentum persists throughout the session, the final upside target for the day sits at 595.14.
Should SPY struggle to maintain 587.31 as support, the next area to watch on the downside is 585.75. If this level is breached, expect sellers to try to press the auction lower into 584.68. A breakdown through that level with strong downside momentum could drag price down to 583.18. If the market turns particularly heavy, the lowest downside level we’re monitoring today is 581.97.
Invesco QQQ Trust Series 1 (QQQ)
QQQ is holding near the 515.00 level as the session begins. Bulls need to step in here to defend this spot, and if successful, we’re looking for a move toward 516.58. Continued strength could carry the auction through to 517.97. Should buyers remain in charge, a break toward 518.65 is on the table. The highest upside marker we’re tracking today is 519.87.
If 515.00 fails to hold as support, we’re watching for sellers to push the price down toward 513.64. If the downside intensifies, further targets include 511.53, with a heavier liquidation possibly taking the …Full story available on Benzinga.com Read Morecontributors, Equities, Expert Ideas, MSFT, Broad U.S. Equity ETFs, Technicals, Opinion, Signals, Markets, Trading Ideas, MSFT, US5949181045, Equities, Broad U.S. Equity ETFs, Technicals, Opinion, Signals, Markets, Trading Ideas, Benzinga Markets
