<div id="readability-page-1"><div><p>Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.</p><p>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.</p><p>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:</p><h3><strong>SPDR S&amp;P 500 ETF Trust</strong></h3><p>The SPY <span>SPY</span> is currently trading near the 569.98 level. For the bullish side, we are watching for a move toward 571.06, where buyers could start to gain momentum. If the price holds above this point, we anticipate the action could drive up to 572.15. A sustained push beyond that would open up the possibility of reaching the 573.50 area. The final upside target for SPY today is set at 574.65, providing a key level for the bulls to aim for.</p><p>On the downside, if 569.98 fails to act as a support, we expect sellers to challenge 569.16. A failure to hold at this level could lead to further pressure, with the next key level at 567.81. Below that, strong selling could bring SPY down to 566.46, with our low bear target for the day being 565.38 in case of heavy bearish momentum.</p><h3><strong>Invesco QQQ Trust Series 1</strong></h3><p>The Q's <span>QQQ</span> are currently hovering around 483.95, a key area for bulls. Should this level hold, a potential rise toward 486.10 is on the cards. If buying momentum picks up, it could trigger a test of 487.69. Should the bulls maintain control throughout the session, the price might rally to 490.05, with a high target for today at 491.82.</p><p>On the other hand, if 483.95 doesn't hold during regular trading hours, bears will likely aim for a move down to 481.73. A further breakdown could target 479.03. If sellers are aggressive, we might see price action push toward 476.85, with a final bearish target for the day sitting at 474.66.</p><h3><strong>Apple Inc.</strong></h3><p>Apple <span>AAPL</span> is trading near the 222.96 level. If the bulls manage to maintain support here, they could push the price higher toward 223.87. Continued strength in the price action may see a rally up to 225.31, with the bulls targeting a potential upside level of 226.08 for the session, representing the high bull target for the day.</p><p>However, if 222.96 cannot be held as support, we're watching for a test lower to 222.24. If the selling pressure persists, a further decline could target 221.66. In a bearish scenario, the final downside level we're watching for Apple today is 220.29, which marks the low bear target.</p><h3><strong>Microsoft Corp. </strong></h3><p>Microsoft <span>MSFT</span> is currently hovering around the 407.11 level. Should this price hold, we expect buyers to push toward 408.46, which could serve as a solid support level. A further rise from there could lead to a rally toward 409.69, with continued buying strength aiming for the high bull target of 410.64.</p><p>If 407.11 doesn't hold during regular trading hours, the bears could step in and drive prices lower to 406.01. Breaking below this point might bring further downside pressure toward 404.92. If the sellers dominate, we're watching for a potential drop to the low bear target at 401.39 for the session.</p><h3><strong>NVIDIA Corporation</strong></h3><p>NVIDIA <span>NVDA</span> is trading around the key level of 129.53. If the bulls maintain support here, we're looking for a move up to 131.42. Continued buying pressure could push the price to 132.19, with a strong rally potentially reaching the 133.31 mark. If momentum holds, the high bull target for NVIDIA today sits at 134.56.</p><p>Should 129.53 fail to hold, we expect sellers to target 128.10. A further breakdown could see the price fall to 126.84. In a more aggressive sell-off, the bears could push the auction down to 125.21, with the low bear target at 123.41.</p><h3><strong>Alphabet Inc Class A</strong></h3><p>Alphabet <span>GOOGL</span> is currently trading near 163.79. Bulls will want to see this level hold as support, with an expected rise toward 165.41 if buyers take control. A continued upward push could see the auction approach 167.04, which marks the high bull target for the session.</p><p>If 163.79 cannot hold, we're looking for the bears to step in and bring the price down to 161.79. Should selling continue, the next target would be 160.36. If the auction remains weak, the final low bear target for Alphabet is 158.54.</p><h3><strong>Meta Platforms Inc</strong></h3><p>Meta <span>META</span> is auctioning around 591.29. Bulls need to see this level hold as a firm support to push the price higher to 598.17. Continued strength could drive Meta up to 604.50, with an ambitious rally possibly reaching the high bull target at 609.30 for the day.</p><p>Should 591.29 fail as support, we're looking for a downside move to 585.73. If the sellers maintain pressure, the next test would be 580.17. In a bearish scenario, Meta could hit the low bear target at 573.25, completing a significant downward move.</p><h3><strong>Tesla Inc.</strong></h3><p>Tesla <span>TSLA</span> is trading close to the 242.49 level. If the bulls can maintain this as support, we expect a push toward 243.98. A sustained rally could see Tesla test 246.16, with the price potentially reaching the high bull target of 250.25 if buying pressure continues.</p><p>If 242.49 breaks down during regular trading hours, we expect a move lower to 239.92. A further decline could bring 238.50 into play, and if this key support is lost, the low bear target for the day is set at 235.74.</p><p>Final Word: Today's trading session is relatively light on economic data, offering fewer catalysts for dramatic moves. At 10 AM ET, the market will receive the October RCM/TIPP Economic Optimism Index, providing insight into consumer confidence. Later, at 1 PM ET, the U.S. Treasury will hold a 3-Year Note Auction, an event that could offer clues on investor sentiment toward longer-term yields. At 12:45 PM ET, Federal Reserve voting member Raphael Bostic will speak, potentially signaling any changes in the Fed's outlook, followed by non-voting member Susan Collins at 4 PM ET. </p><p>Although these events carry some weight, the absence of major market-moving data today means traders should closely monitor price action and volume for signs of shifts in momentum. With a quieter day on the data front, expect more technical-driven moves, making it essential to stay nimble and attentive to market shifts. Stay safe and good luck!</p><p>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.</p><p>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.</p><p>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.</p><p><em>This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.</em></p> </div></div>

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<p>In the Market Clubhouse Morning Memo for October 8, 2024, traders are advised to monitor key stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines specific price levels for each stock, indicating potential bullish and bearish targets. For SPY, bullish momentum is expected above 571.06, while bearish pressure may arise below 569.98. Similar analyses are provided for QQQ, AAPL, MSFT, NVDA, and GOOGL, highlighting critical support and resistance levels to watch for trading strategies.</p>

- The Market Clubhouse Morning Memo provides analysis on key stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, highlighting critical price levels for traders.  
- It emphasizes the importance of monitoring these stocks for potential breakouts or reversals, while also noting upcoming economic events that may influence market sentiment.  
- The memo encourages traders to stay alert and adaptable to optimize their trading strategies in a relatively quiet market day.

Market Clubhouse Morning Memo - October 8th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)