Market Clubhouse Morning Memo - January 7th, 2025 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META and TSLA)

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 is trading near a critical level at 596.57. For the bulls, maintaining this as a solid base is essential to target 598.04. If buyers can sustain momentum above 598.04, we could see a move higher to the next support at 599.24. Should this level hold firm during the session, it would open the door for a further climb to 600.51. The ultimate target for bulls today stands at 601.22, contingent on consistent upward pressure.

On the downside, failure to hold 596.57 as support would likely bring 593.73 into focus for sellers. A breach of this level could drive the price lower to 592.00, where another test of support would be critical. If selling accelerates below 592.00, the next key level to watch is 589.71. In the event of a pronounced sell-off, SPY could reach the bear target for the session at 587.31.

Invesco QQQ Trust Series 1

QQQ is currently centered around 523.91, a pivotal level for today’s action. Bulls need to establish this as a support zone to set the stage for a move higher to 525.19. If sustained buying propels the price above 525.19, the next level in focus is 527.03. Should the bullish momentum persist, the session could extend gains toward 528.44, with a high bull target at 530.70.

Conversely, if the auction struggles to maintain 523.91 as a base, sellers could seize control and push prices lower toward 522.57. A failure to hold 522.57 could lead to further declines, with 521.15 being the next area of interest. Should downward pressure intensify, a test of 519.87 is likely, with the low bear target for the day set at 517.97.

Apple Inc.

Apple is trading near 242.21, a key level for today’s market dynamics. Bulls will aim to defend this level, paving the way for a rally toward 242.83. Sustained buying activity could then bring 243.57 into play. If the bullish trend continues throughout the session, Apple’s price may advance further to reach the high bull target of 244.45.

On the flip side, a breakdown below 242.21 could trigger a move lower, with sellers eyeing 241.23 as the next support. If bearish momentum persists, 240.23 becomes the next critical level. A breach below this point could drive prices down to 239.43, with the low bear target for the session sitting at 238.63.

Microsoft Corp.

Microsoft is hovering around the 429.25 mark. For bulls to dominate, this level must be held firmly as a base, setting up a potential rally toward 430.25. Should buying activity remain strong above 430.25, a move to 431.25 could materialize. If the momentum continues, the high bull target for the day is positioned at 432.49.

Failure to hold 429.25 as support may embolden bears to push lower toward 428.48. A breakdown here could see the price dip to 427.36. Continued bearish momentum might lead to further declines toward 426.00, with the low bear target for the session at 425.16.

NVIDIA Corporation
NVIDIA is trading near the key level of 153.23. A move above this level is crucial for bulls, who will look to reclaim 154.64 as support. If successful, buyers could drive the price higher to 156.49. Should the bullish momentum persist, 158.34 could come into play, with a high bull target set at 160.64.

If 153.23 fails as a support level, sellers may aim for a test of 151.99. A breakdown below this level could lead to further downside action, with 150.32 as the next area of focus. Persistent selling might push the price lower to 148.52, with the low bear target for the day at 147.06.

Alphabet Inc Class A

Alphabet is trading close to 196.25. Bulls will aim to defend this level, with an initial target of 196.97. If buying strength holds, the price could advance toward the high bull target of 197.79.

On the downside, failure to maintain 196.25 as support may prompt a sell-off toward 195.41. A move below this level could see 194.34 tested, and under more pronounced selling pressure, the low bear target for the session at 193.14 could come into play.

Meta Platforms Inc

Meta is trading near the significant level of 622.01. If bulls can hold this as support, the price could rally toward 629.88. Sustained buying could drive further upside to 635.49, with a high bull target for the session at 642.59.

If 622.01 fails as support, bears could take control and push the price lower to 615.65. Continued selling pressure might bring 609.30 into focus, and a breakdown at this level could lead to a test of the low bear target at 604.50.

Tesla Inc.

Tesla is trading near 403.43. Bulls will look to defend this level and drive the price higher toward 407.97. A strong upward move could see 413.10 tested, with further momentum potentially pushing the price to the high bull target of 420.70.

If the price fails to hold 403.43, bears could take control and push the auction lower toward 399.03. Continued selling may lead to a test of 390.23, with the low bear target for the day at 384.07.

Final Word: Today's session is packed with pivotal economic events, starting at 10 AM ET with the ISM Services Index, which includes critical components such as Prices Paid, Employment, and New Orders for December. Simultaneously, the JOLTS Job Openings report for November will provide key insights into the labor market, a vital indicator for broader economic health.

Later, at 1 PM ET, the Treasury will conduct a 10-Year Note Auction, which could impact bond yields and broader market sentiment. Earlier in the day, at 8 AM ET, non-voting Federal Reserve member Thomas Barkin is scheduled to speak, potentially offering additional clues on the Fed's outlook. With a mix of high-impact data and events, today's session is primed for volatility. Stay sharp, good luck, and trade with discipline!

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.