Market Clubhouse Morning Memo - January 16th, 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 our level of 593.73. For the bulls, we want to see price action sustain above this level, allowing for an initial move toward 596.57. If buyers maintain control at 596.57, the next target is 598.04, which serves as an important intraday support level. Holding this level during regular trading hours could open the door for a push toward 599.24. If momentum continues, our high bull target for the day stands at 600.51.

If 593.73 fails as support, sellers may take charge and test 592.00. Should bearish momentum build, the next downside target would be 589.71. A break below this level could lead to further selling, bringing 587.31 into play as a key support level. If the session sees heavy selling pressure, our low bear target for the day is set at 585.75.

Invesco QQQ Trust Series 1

The QQQs are currently trading near our key level of 517.97. Bulls need to maintain strength above this level to drive an initial move toward 519.87. If buyers successfully hold 519.87 as support, we anticipate further upside toward 521.15. Sustained bullish sentiment could push the auction higher to 522.57. If strength persists, our high bull target for the session is 523.91. 

If 517.97 fails to hold as support, we expect sellers to push the price lower, first targeting 516.58. Continued weakness could see further downside movement to 515.00. If selling pressure remains strong, bears may test the next key support level at 513.64. If this level breaks, our low bear target for the day is 511.53.

Apple Inc.

Apple is currently trading around our level of 238.63. Bulls need to hold this as support to initiate a move higher toward 239.43. If this level is reclaimed as support, buyers may push the stock toward 240.23. A continued bullish trend could result in a move toward our high bull target of 241.23 for the session.

If 238.63 fails to hold, we expect sellers to test 237.49. Increased selling could push Apple lower to 236.69. If downward pressure persists, we anticipate a test of 235.74. A break below this level could lead to further downside, with our low bear target set at 234.97.

Microsoft Corp.

Microsoft is currently trading around our level of 427.36. Bulls need to defend this level to see an upward move toward 428.48. If this level holds as support, price action may advance to 429.25. Further bullish momentum could propel Microsoft toward our high bull target of 430.25 for the day. 

If 427.36 is lost as support, we anticipate a move lower toward 426.00. Should sellers maintain control, price could slide further to 425.16. Increased selling pressure may lead to a test of 423.81. If this level is breached, our low bear target for the session is 422.84.

NVIDIA Corporation
NVIDIA is currently auctioning near our key level of 137.94. Bulls need to maintain strength above this level to drive price action toward 138.55. If this level holds as support, an extension higher to 139.42 is likely. Further buying pressure could result in a rally toward 140.28, with our high bull target set at 141.21. 

If 137.94 fails to hold, we expect sellers to test support at 136.98. Continued bearish momentum could lead to a decline toward 135.64. If this level breaks, NVIDIA may test 134.56 as the next key support. If selling persists, our low bear target for the session is 133.31.

Alphabet Inc Class A

Alphabet is currently trading near 193.14. Bulls want to maintain support at this level to initiate a move higher toward 194.34. If buyers remain in control, we anticipate a push toward 195.41 as our high bull target for the session. 

If 193.14 fails as support, sellers may look to drive price action lower to 192.19. Continued bearish momentum could see a test of 191.45. If selling pressure remains strong, a further decline to our low bear target of 190.41 is likely.

Meta Platforms Inc

Meta is currently trading around our level of 609.30. Bulls need to defend this support level to see an upward move toward 615.65. A break above this resistance could open the door for a push to 622.01. Continued bullish strength may lead to a move toward our high bull target of 629.88. 

If 609.30 is lost as support, we anticipate a move lower toward 604.50. If sellers maintain control, price action could slide further to 598.17. A break below this level may see Meta reaching our low bear target of 591.29 for the day.

Tesla Inc.

Tesla is currently trading near our key level of 426.23. Bulls need to push price action higher to reclaim 431.50. If buying momentum persists, we expect a move toward 437.95. If broader market strength supports Tesla's price action, we could see a rally toward 448.48. A strong bullish session may bring Tesla to our high bull target of 454.90. 

If 426.23 fails as support, we expect sellers to test 420.70. Further downside pressure could push price action to 416.62. If this level is breached, we anticipate a test of 413.10 as our low bear target for the day.

Final Word: Today’s session brings the release of December's Advance Retail Sales at 8:30 AM ET, alongside Initial and Continuing Jobless Claims. These reports will provide insight into consumer spending and labor market health. At 10:00 AM ET, the NAHB Housing Market Index for January will be released, shedding light on the housing sector's sentiment. 

Yesterday's lower-than-expected core CPI print for December reassured investors by not stoking concerns over persistent inflation. Additionally, the UK CPI reading came in weaker than anticipated, further easing inflationary worries. Crucially, this data does not alter expectations for the Fed's preferred inflation measure, the December PCE report, which remains a key factor in upcoming monetary policy decisions. With these critical reports on deck, expect a session marked by potential volatility as traders assess the impact on market sentiment. Good luck and trade safely!

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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