Market Clubhouse Morning Memo - January 8th, 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

The SPY is trading near a key level of 585.75. To the upside, bulls need to see a decisive break above 587.31, establishing this level as solid support. If this level holds, momentum could drive the price higher to 589.71. Continued bullish strength might then push the auction toward 592.00, with the high bull target for the day at 593.73.

On the flip side, failure to maintain 585.75 as support could give bears the opportunity to push the price lower to test 584.68. Sustained selling pressure could see the auction drop to 583.18. If bearish activity intensifies, 581.97 may act as a key support level. A deep selloff could bring the session’s low bear target of 580.67 into focus.

Invesco QQQ Trust Series 1

QQQ is currently trading around 511.53. Bulls will aim to secure 511.53 as a foundation to push higher toward 513.64. Should this level act as a strong support, buying interest may lead the price to 515.00, with an eventual test of 516.58. If bullish momentum dominates the session, the high target for the day could be 517.97.

Conversely, failure to hold 511.53 could see bears asserting control and driving the price lower to 509.87. Persistent selling could expose 508.22, with additional pressure potentially testing 506.68. If bears remain aggressive, the session may find its low target at 504.44.

Apple Inc.

Apple is auctioning near the 241.23 level. Bulls will want to defend this support and push the price higher toward 242.21. If this level is achieved and held, further buying may propel the stock to 242.83, with a potential rally bringing the price to the high bull target of 243.57.

However, losing 241.23 as support could allow bears to drive the price lower, testing 240.23. If this level fails, sellers may target 239.43. With increased downside momentum, the auction could reach 238.63, with the session’s low bear target set at 237.49.

Microsoft Corp.

Microsoft is trading near 421.62. For the bulls, sustaining this level as support is key to driving the price toward 422.84. If 422.84 holds, further buying strength could see 423.81 tested, with bullish momentum possibly extending to the high target of 425.16.

Bears, however, will aim to push the price below 421.62, with an initial test of 420.26. If selling persists, 419.17 could come into play, followed by a move toward 417.25. A strong sell-side session might drive the stock down to the low bear target of 416.32.

NVIDIA Corporation
NVIDIA is trading around 140.28. Bulls are targeting a move toward 141.21, which, if held as support, could pave the way for a rally to 142.35. Continued buying pressure might lead to an extension toward 144.21, with the high bull target set at 145.61.

If 140.28 fails as support, bears may seize control, testing the downside at 139.42. Breaking this level could open the door for a drop to 138.55. Persistent selling might see the auction targeting 137.94, with the low bear target of 136.98 in play.

Alphabet Inc Class A

Alphabet is auctioning near 192.19. Bulls will need to secure this level as support and push the price toward 193.14. Continued momentum could lead to a test of 194.34, with bullish control potentially targeting higher levels throughout the session.

Should 192.19 fail as support, bears could drive the auction lower, testing 191.45. If selling intensifies, a move toward 190.41 may occur, with a bearish extension potentially bringing the price down to the low target of 189.57.

Meta Platforms Inc

Meta is trading around 615.65. Bulls will aim to hold this level as support and drive the price toward 622.01. A continued push higher could test 629.88, with strong momentum potentially taking the price to the high bull target of 635.49.

Failing to sustain 615.65 as support could see bears taking control and testing the downside at 609.30. If selling pressure continues, the price may drop to 604.50, with further weakness driving Meta to the low bear target of 598.17.

Tesla Inc.

Tesla is currently trading near 390.23. Bulls will aim for a rally toward 399.03, with sustained buying potentially targeting 403.43. If bullish momentum strengthens, the auction could test 407.97, with the high target set at 413.10.

Bears will look to push the price below 390.23, with an initial test of 384.07. If selling persists, 378.79 could act as the next downside target. Strong bearish activity may drive the price toward the low target of 370.22.

Final Word: Today's trading session is set to provide key insights into the labor market and economic conditions. The ADP Non-Farm Employment Change for December is scheduled for release at 8:15 AM ET, offering a preliminary view of private sector job growth. At 8:30 AM ET, the Initial and Continuing Jobless Claims will shed light on unemployment trends.

Later in the morning, at 10 AM ET, the Final Wholesale Inventories for November will give traders a glimpse into supply chain dynamics and inventory levels. The highlight of the day comes at 2 PM ET with the release of the December 2024 FOMC Meeting Minutes, where traders will be seeking any potential overlooked information about monetary policy from the December meeting. This array of data and updates could lead to heightened volatility. Stay disciplined, manage your risk effectively, and remain prepared for fast market movements. Best of luck in today's trading session!

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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