Expect Notable Volatility Throughout Today's Trading Session

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 our key level of 610.63. For the bulls, we need to see strength above this level, with buyers pushing the price to 611.39. Holding above 611.39 during regular trading hours would indicate bullish control, with a potential rally toward 612.68. If momentum continues, we anticipate a test of 613.46. Should the market remain strong throughout the session, our high bull target for SPY is 614.75.

If 610.63 fails to hold as a support level, we expect sellers to take control and drive the price toward 609.33. A break below this area could see an extended move lower to 608.35. If downward pressure persists and sellers dominate the session, 607.55 is our next key support. If the market turns aggressively bearish, our low target for the day sits at 606.34.

Invesco QQQ Trust Series 1 (QQQ)

QQQ is currently trading around our key level of 539.02. For buyers to stay in control, we need to see this level hold as support, leading to a move toward 540.60. If bulls maintain momentum and sustain higher prices, we expect a potential run toward 542.31. A strong rally could bring a test of 543.58. If the bullish trend extends further, our high bull target for the day is 545.14.

If 539.02 does not hold as support, sellers will likely step in to push the price lower to 538.06. Continued weakness could see a drop to 536.95, where we expect a test of support. If selling intensifies, a move to 535.30 is on the table. Should the session see heavy downside pressure, the bears will be targeting a low of 534.60.

Apple Inc. (AAPL)

Apple is currently trading near our level of 244.45. For the bullish case, we want to see this level hold firm and buyers push toward 245.58. If this area is successfully defended, we anticipate a move higher to 246.72. A strong push from buyers could bring a test of 248.12, which stands as our high bull target for the session.

If 244.45 fails to provide support, we expect a decline toward 243.57. If sellers maintain control, 242.83 will be tested next. Continued weakness in the auction could drive Apple down to 242.21. If selling pressure remains intense, we anticipate a move to our low bear target of 241.23.

Microsoft Corp. (MSFT)

Microsoft is currently trading around 409.69. Bulls need to hold this level to sustain upward momentum, targeting a move toward 410.64. If strength continues above this level, we look for an advance toward 411.72. A sustained rally could bring Microsoft to 413.14, which serves as our high bull target for the session.

If 409.69 fails to hold, we anticipate a test of 408.46. Should sellers continue to dominate, the next level to watch is 407.11. Persistent selling pressure may drive the price lower to 406.01. If downward momentum is strong, our low bear target sits at 404.92.

NVIDIA Corporation (NVDA)
NVIDIA is currently trading around our key level of 140.28. For the bulls to gain traction, they need to push the price toward 141.21 and hold it as a firm level of support. If buyers can sustain momentum, we anticipate an upside move toward 142.35. A continued bid presence could see NVIDIA testing 144.21, with a high bull target for the session at 145.61.

If 140.28 fails as support, sellers will look to drive the auction lower to 139.42. Should selling pressure increase, a move down to 138.55 is likely. If weakness persists, we expect a test of 137.94. Under strong bearish conditions, the low target for NVIDIA today is set at 136.98.

Alphabet Inc Class A (GOOGL)

Alphabet is currently auctioning near our level of 183.40. Bulls need to maintain support above this level to push higher toward 184.52. If this level is reclaimed and held, a move to 186.02 is likely. Continued buyer strength could extend the rally beyond this point.

If 183.40 does not hold as support, we anticipate sellers driving the price lower to 181.77. A breakdown below this level would open the door for further selling down to 180.46. If bearish momentum continues, Alphabet could see a test of our low bear target at 179.15.

Meta Platforms Inc (META)

Meta is currently trading near 714.27. Bulls need to keep this level intact for the stock to push higher toward 716.39. A sustained move above this level could bring a test of 717.87. If buyers continue to show strength, our high bull target for the day sits at 720.11.

If 714.27 fails to hold as support, we anticipate a drop to 712.14. Continued selling pressure could see an extended move down to 708.06. If bears remain aggressive, a further decline toward our low bear target of 704.07 is likely.

Tesla Inc. (TSLA)

Tesla is currently trading near our key level of 356.80. If buyers can defend this area, we expect a move toward 363.84. A break and hold above this level could see Tesla extend its rally to 370.22. If momentum stays strong, we anticipate a push to 378.79. Under bullish conditions, our high target for the day sits at 384.07.

If 356.80 fails as a support level, we expect sellers to take control and drive the price down to 350.87. If weakness persists, a further move lower to 346.64 is likely. Should selling pressure intensify, we anticipate Tesla testing our low bear target at 340.97.

Final Word: The market will be navigating multiple key economic events today, starting with Housing Starts and Preliminary Building Permits for January at 8:30 AM ET, alongside the New York Fed Services Business Activity report. At 11:00 AM ET, the Treasury will release its Buyback Announcement, which could influence market sentiment. Later, at 1:00 PM ET, the Treasury will conduct a 20-Year Bond Auction, followed by the much-anticipated release of the FOMC Meeting Minutes at 2:00 PM ET. Given these scheduled events, we expect notable volatility throughout the session. Traders should remain adaptable and aware of rapid shifts in momentum. Trade smart and stay disciplined!

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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