Market Clubhouse Morning Memo - November 28th, 2023 (Trade Strategy For SPY, QQQ, AAPL, MSFT, GOOGL, NVDA, TSLA, And META)

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

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

The SPY SPY is currently trading around 454.56. Bulls are hoping for an initial increase to 455.14. If the market remains strong above this level, the next goal is to boost the price to our support level at 455.90. Should 455.90 maintain during regular trading hours, an advance to 456.88 is anticipated, with our top bullish target for the day at 457.86.

Conversely, if 454.56 doesn't hold as a supportive base, bears may test the resilience of 453.54. If sellers become active, the bears will likely aim lower at 452.55. Should this level give way under heavy selling, a key support at 451.61 becomes relevant. Persistent selling might drive the price to 451.01, and in a substantial sell-off session, our lowest bear target is set at 450.23.

Invesco QQQ Trust Series 1

The Q's QQQ are presently around 389.46. For bullish trends, holding above 390.09 is crucial, with a target to establish 391.39 as a strong support. Should buying continue, we aim for 392.77, with our highest bullish target for the day at 393.96.

If the Q's struggle to stay above 389.46, we expect bears to gain control, potentially pushing prices to 388.80. Observing market weakness, bears might further test the level at 387.67. Continuous selling pressure could lead to a probe of 386.69, setting 385.55 as the day's lowest bear target.

Apple Inc.

Apple AAPL is trading near 189.52. Bulls are looking to maintain this as a support level, aiming for an increase to 190.33. With sustained bullish momentum, the next target is 191.25, and if bulls regain control today, we aim to see a rise to the high bull target of 191.76.

If 189.52 fails to hold during regular trading hours, a lower test at 189.16 is likely. Continued selling could lead to bears targeting 188.32, and if selling intensifies, 188.05 becomes relevant. If this level is breached, the lowest bear target for Apple for the day is 187.50.

Microsoft Corp.

Microsoft MSFT is currently at around 377.72. Bulls are aiming to keep the stock above this level, with a goal to rally to 380.00. If this key support level is maintained, we could see a push to 380.59, with the day's highest bull target at a new all-time high of 385.00.

Should 377.72 not hold as support, bears might test the level at 376.70. If this level is breached, a further downside probe at 375.93 is expected. In a scenario of continued selling pressure, the lowest bear target for Microsoft for the day is projected at 375.11.

Alphabet Inc Class A

Alphabet GOOGL is trading around 136.29. Bulls are aiming to keep this level as support and elevate the price to 136.94. Continued bullish momentum could push the stock to our high target of 137.79.

If Alphabet fails to maintain 136.29 as support, bears may target a lower price of 135.66. If this level is breached, a further bearish probe at 134.96 is anticipated. In heavy selling scenarios, the lowest bear target for the day is set at 133.78.

NVIDIA Corporation

NVIDIA NVDA is trading around 483.43. Bulls are seeking to push the price up to 489.04, aiming to establish this as a strong support level. The upward target is 492.33, with the highest bull target for the day at 495.79.

If 483.43 fails to hold as a robust support, bears might initiate a downward trend to 478.67. If 473.81 is broken down amid selling, a drop to 470.17 is expected. Continued selling pressure might lead to the day's lowest bear target for NVIDIA at 467.34.

Tesla Inc.

Tesla TSLA is trading around 235.74. Bulls are aiming for an upward move to 238.50. Continued buying could see a rally up to 239.92, and in a broader bullish market, targets of 242.47 and 243.98 are envisaged.

If 235.74 doesn't hold as strong support, a lower test at 233.49 is anticipated, with continued selling possibly bringing 230.65 into play. Should this level break, the lowest bear target for Tesla for the day is 228.45.

Meta Platforms Inc

Meta META is positioned around 335.12. Bulls are looking to keep the stock strong above this level, aiming to trade higher to 337.17. Strong buying could potentially lift the price to 338.75. If bullish trends continue, the top bull target is 340.66.

If 335.12 doesn't act as a reliable support, bears could lower the price to 332.41. Persistent bearish pressure might further depress the price to 329.83. If this level is breached, the lowest bear target for Meta for the day is 328.13.

Final Word: Today's session is filled with significant data releases and features a lineup of various Fed speakers with voting rights. The session is likely to experience considerable volatility. It's crucial to stick to your trade plan and remain disciplined. Wishing you all the best in today's trading. Good 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.

Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it's published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.

For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at https://marketclubhouse.club/7Days/ where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: https://www.youtube.com/@MarketClubhouse.