Market Clubhouse Morning Memo - January 10th, 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 currently trading near a critical level of 587.31. For bullish momentum, we want to see the price action sustain above 587.31 and target 589.71 as the first resistance. If the bulls can hold 589.71 as support, we anticipate a further rise toward 592.00. A successful defense of 592.00 during the session could propel the price higher to 593.73, with the high bull target for the day being 596.57.

On the bearish side, failure to hold 587.31 as support could result in a test of 585.75. If sellers dominate, we might see a drop to 584.68. Further downside pressure could bring 583.18 into play as a stronger support level. Should the market experience heavy selling, the low bear target for the session is 581.97.

Invesco QQQ Trust Series 1

The QQQ is currently trading around 513.64, which serves as a pivotal level for the session. If buyers maintain strength above this level, the next target would be 515.00. A strong defense of 515.00 could lead to additional upside toward 516.58. If the bullish momentum persists, we expect a test of 517.97, with the high bull target for the day at 519.87.

If the price action struggles to hold above 513.64, the bears could seize control, pushing the price lower to 511.53. Should selling pressure intensify, the next downside targets are 509.87 and 508.22. A break below 508.22 could see the price drop further, with the low bear target for the day being 506.68.

Apple Inc.

Apple is trading around the key level of 242.21. For the bulls to maintain control, this level needs to act as support. If the price remains steady above 242.21, we could see a move to 242.83. Continued upward momentum may drive the price to 243.57, with the high bull target for the day being 244.45.

If 242.21 fails as support, the bears may push the price lower to 241.23. Sustained selling could then lead to a test of 240.23. If selling persists, 239.43 becomes the critical low bear target, with 238.63 as an intermediate level.

Microsoft Corp.

Microsoft is trading near 423.81, a key level for the session. Bulls need to defend this area and aim for a move to 425.16. A breakout above 425.16 could open the door to 426.00, with bullish momentum potentially reaching the high target of 427.36.

On the flip side, if 423.81 fails as support, we anticipate a move lower to 422.84. Bearish pressure could then drive the price to 421.62. If this level breaks, the final downside target for the day is 419.17, with 420.26 as an intermediary level.

NVIDIA Corporation
NVIDIA is trading around 137.94, serving as a crucial level for bullish continuation. If this level holds, buyers could aim for 138.55 as the next target. Above 138.55, the price may rally to 139.42, with further strength taking the auction to 140.28 and a high bull target of 141.21.

A failure to hold 137.94 could result in sellers testing 136.98. If this level gives way, expect a move toward 135.64. Continued selling could lead to 134.56, with the low bear target for the day sitting at 133.31.

Alphabet Inc Class A

Alphabet is currently trading near 193.14, a critical level for the bulls to defend. Holding above this level could lead to a test of 194.34. Continued strength may push the price to the high bull target for the day at 195.41.

If 193.14 fails as support, bears might push the price lower to 192.19. Sustained selling could bring the price to 191.45, with the low bear target for the session being 190.41.

Meta Platforms Inc

Meta is trading around 609.30, which serves as an important pivot level. A strong defense of this level could lead to a rally toward 615.65. Sustained buying pressure may push the price higher to 622.01, with the high bull target of the session at 629.88.

If 609.30 breaks as support, the bears could drive the price lower to 604.50. Additional selling may lead to a test of 598.17, with the low bear target for the day being 591.29.

Tesla Inc.

Tesla is trading near the pivotal level of 390.23. If bulls maintain control above this level, the price could test 399.03. A breakout above 399.03 may lead to further gains toward 403.43, with the high bull target for the session being 413.10.

Should 390.23 fail as support, bears are likely to push the price lower to 384.07. Continued selling could lead to a test of 378.79, with the low bear target for the day being 370.22.

Final Word: Today's session concludes the week with the highly anticipated release of December's Non-Farm Payrolls at 8:30 AM ET. This report is a key indicator of labor market health and is expected to drive significant volatility across the markets. As traders, it's essential to remain vigilant, manage risks effectively, and avoid overexposure during the heightened activity that typically accompanies such data releases. Watch for sharp moves in response to the data and stay prepared for possible trend reversals. Trade wisely and 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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