Market Clubhouse Morning Memo - January 17th, 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 currently trading near our key level of 593.73. For bulls, we need to see sustained buying above this level, aiming for a test of 596.57. If the momentum holds firm above 596.57, buyers should attempt to drive the price toward 598.04. A solid hold above 598.04 during regular trading hours could open the door for an extension toward 599.24. If the bullish momentum remains intact, our upside target for the session is set at 600.51.

However, if SPY struggles to maintain support at 593.73, we expect sellers to step in and push the price down to 592.00. A failure to stabilize at this level could lead to further weakness, sending the price toward 589.71. Should selling intensify, we will be watching the strong support area at 587.31. If bears fully take control and drive the market lower, our downside target for the day stands at 585.75.

Invesco QQQ Trust Series 1

QQQ is currently trading near our key level of 516.58. If buyers can hold above this area, we anticipate an initial move toward 517.97. Continued strength above this level could see an attempt to reclaim 519.87 as support. If momentum remains bullish, an extension higher toward 521.15 is likely. If the session remains strong, our high target for the day is 522.57.

If 516.58 fails to act as a stable support, sellers will look to take control and drive the price down to 515.00. Weakness below this level could invite additional downside pressure, with 513.64 coming into play next. Should selling accelerate, we would anticipate a test of 511.53. If this key level does not hold, our downside target for the session is 509.87.

Apple Inc.

Apple is currently trading around 230.25. Bulls will want to see this level defended, allowing for a push higher toward 231.76. If buyers remain in control, we expect a continuation move toward 233.28. A strong session could see Apple rallying further, with our upside target for the day set at 234.20.

On the flip side, failure to hold 230.25 as support could trigger a test of 229.03. If this level is lost, sellers will likely press the price lower toward 227.80. Continued bearish pressure could bring 226.90 into play. Should selling persist, we anticipate a further drop to our low target of 226.08.

Microsoft Corp.

Microsoft is currently trading near 426.00. For bulls to maintain control, they need to hold above this level and push toward 427.36. A break and hold above 427.36 could set the stage for a move higher toward 428.48. If buying strength continues, our high target for the session sits at 429.25.

If 426.00 fails to act as support, we anticipate a move lower toward 425.16. A break below this level could open the door for a test of 423.81. If selling intensifies, we expect further downside action to 422.84. If the session remains weak, our bear target for Microsoft is 421.62.

NVIDIA Corporation
NVIDIA is currently trading near our key level of 135.64. If buyers can sustain momentum above this area, we are looking for a push to reclaim 136.98 as support. A strong auction above this level could see further upside toward 137.94. If bullish activity dominates, our high target for the day stands at 139.42.

Should 135.64 fail as support, we anticipate a test of 134.56. If this level is breached, sellers could press lower toward 133.31. Increased bearish pressure would bring 132.19 into play. If the session remains weak, our bear target for NVIDIA is 131.42.

Alphabet Inc Class A

Alphabet is currently trading around 193.14. For bulls to remain in control, they must hold this level as support and push toward 194.34. If buying pressure continues, we anticipate a rally toward our high target of 195.41.

If 193.14 does not hold as support, bears will look to push the price down to 192.19. A break below this level could open the door for a test of 191.45. If weakness persists, our downside target for Alphabet is set at 190.41.

Meta Platforms Inc

Meta is currently trading around 609.30. Bulls need to hold above this level and push toward 615.65. If buying strength remains, we expect a continuation move to 622.01. A strong session could see the stock reach our high target of 629.88.

Should 609.30 fail as support, sellers will likely step in and push the price down to 604.50. If this level is breached, we anticipate further downside toward 598.17. If the bearish trend extends, our low target for the day is 591.29.

Tesla Inc.

Tesla is currently trading near 416.62. Bulls need to step in and drive the price toward 420.70. Continued buying could see an extension to 426.23. If Tesla attracts strong interest, our high target for the session sits at 437.95.

If 416.62 fails as support, we expect sellers to test 413.10. A breakdown below this level could bring 407.97 into play. Should weakness persist, we anticipate a move toward our low target of 403.43.

Final Word: Today’s session wraps up the week with a lighter set of economic data releases. At 8:30 AM ET, the market will react to December's Housing Starts and Preliminary Building Permits, offering insight into the real estate sector's health. Shortly after, at 9:15 AM ET, we will see Industrial Production, Manufacturing Production, and Capacity Utilization data for December, key indicators for economic output. However, the real driver of volatility today is MOPEX, or monthly options expiration, which often leads to sharp swings as traders adjust positions. Expect choppy price action, particularly in the afternoon as large players reposition ahead of the weekend. Stay disciplined, manage risk carefully, and trade smart. Happy Friday!

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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