Good Morning Traders! In today's RIPS 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 (NYSEARCA: SPY)
SPY is currently trading around 768.50 as markets digest another important batch of economic data alongside NVIDIA's earnings and outlook. Jobless Claims, trade data, and inventory figures all arrive at 8:30AM ET, but technology and semiconductor flows following NVDA's report could have an equally important influence on broader sentiment. If buyers defend 768.50, a move toward 774.50 may develop, followed by 780.50 if momentum builds. Sustained strength above 786.50 would improve the short term structure and reinforce buyer control.
If SPY loses 768.50 with conviction, sellers may press into 762.50. A breakdown there could expose 756.50, while continued weakness may bring the 750.50 region into focus. The 7 Year Note Auction at 1:00PM ET creates an additional afternoon rates catalyst, so Treasury yields should remain an important confirmation signal throughout the session.
Invesco QQQ Trust Series 1 (NASDAQ: QQQ)
QQQ is currently trading around 716.75 with NVDA earnings placing technology and AI infrastructure directly back in focus. The report reinforced extraordinarily strong AI demand, but also highlighted increasingly important supply constraints across memory, power, and physical data center capacity. If buyers defend 716.75, price may advance toward 723.75, followed by 730.75 if momentum strengthens. Sustained strength above 737.75 would indicate improving institutional demand across technology.
If 716.75 fails to hold, sellers may drive price toward 710.25. A deeper breakdown could expose 703.75, while continued weakness may bring the 697.25 region into play. Watch whether strength extends beyond NVDA into semiconductors and other AI beneficiaries. Broad participation would provide much stronger confirmation for QQQ than an isolated post earnings move.
Apple Inc. (NASDAQ: AAPL)
AAPL is currently trading around 310.25 and continues to hold relatively stable while attention shifts toward AI infrastructure and semiconductors. If buyers defend this pivot, price may rotate toward 315.50, followed by 320.75 if momentum builds. Sustained strength above 326.00 would reinforce the constructive short term structure.
If 310.25 breaks lower, sellers may test 305.25 quickly. Continued downside pressure could bring the psychological 300 level into focus, followed by 295.25 if weakness accelerates. Relative performance against QQQ should remain useful today given the potential for semiconductor driven index movement.
Microsoft Corp. (NASDAQ: MSFT)
MSFT is currently trading around 492.00 and once again approaching the psychologically important 500 level. NVDA's commentary around sustained AI infrastructure demand remains constructive for hyperscale investment, but growing constraints around memory, power, and data center capacity add another dimension to the AI buildout. If buyers defend 492.00, price may advance toward 499.00, followed by 506.00 if momentum builds. Sustained acceptance above 500 would materially improve the short term structure.
If 492.00 fails to hold, sellers may press into 485.00. A deeper pullback could test 478.00, while continued weakness may bring the 471.00 region into play. MSFT's response should provide a useful read on whether NVDA's strong AI demand outlook is translating into broader enthusiasm across the hyperscalers.
NVIDIA Corporation (NASDAQ: NVDA)
NVDA is currently trading around 222.00 after another strong earnings report reinforced that AI demand remains well ahead of available supply. Revenue and earnings beat expectations, next quarter guidance came in well above consensus, and management pointed toward stronger FY28 growth than the Street had modeled. The bigger message was that the constraint is increasingly moving beyond GPU demand itself into memory, power, data center capacity, and the infrastructure required to deploy new systems.
If buyers defend 222.00, a move toward 229.25 may develop, followed by 236.50 if post earnings momentum strengthens. Sustained trade above 243.75 would indicate another meaningful upside expansion. If 222.00 fails to hold, sellers may test 216.00 quickly. Continued downside could extend into 210.00, while deeper weakness may bring the 204.00 region into focus.
The report was not completely frictionless. Memory scarcity and higher input costs are expected to pressure gross margins into a Q4 trough, China compute remains excluded from the forecast, and customers are taking longer to pay as NVIDIA extends terms on large multi-quarter deals. Those details make today's reaction especially useful: the question is whether investors remain focused primarily on exceptional demand and forward growth or begin assigning more weight to the capital and supply constraints required to deliver it.
Alphabet Inc Class A (NASDAQ: GOOGL)
GOOGL is currently trading around 340.50 and remains under pressure despite strength elsewhere in large cap technology. If buyers defend this level, price may rotate toward 347.00, followed by 353.50 if momentum improves. Sustained strength above 360.00 would indicate a more meaningful recovery attempt.
If 340.50 fails to hold, sellers may guide price toward 334.50. A breakdown there could expose 328.50, while continued weakness may bring the 322.50 region into play. Given today's AI driven backdrop, continued GOOGL weakness despite QQQ strength would remain an important relative performance signal.
Meta Platforms Inc (NASDAQ: META)
META is currently trading around 573.50 and continues attempting to recover from its recent pullback. NVDA's commentary around sustained AI infrastructure demand reinforces the enormous capital investment taking place across the hyperscalers, making broader AI spending sentiment relevant for META as well. If buyers defend 573.50, a push toward 581.00 may develop, followed by 588.50 if momentum builds. Sustained strength above 596.00 would put the 600 area back within reach.
If 573.50 breaks lower, sellers may guide price toward 566.50. A deeper pullback could test 559.50, while continued weakness may bring the 552.50 region into focus. A recovery toward 600 would materially improve the recent structure, but buyers still need to demonstrate sustained acceptance at higher prices.
Tesla Inc. (NASDAQ: TSLA)
TSLA is currently trading around 345.75 and continues to consolidate after its recent recovery. If buyers defend this pivot, a move toward 354.25 may develop, followed by 362.75 if momentum continues. Sustained strength above 371.25 would indicate stronger speculative participation and improve the short term structure. If 345.75 fails to hold, sellers may test 337.75 quickly. Continued downside pressure could extend into 329.75, while deeper weakness may bring the 321.75 region into play. With technology sentiment potentially influenced heavily by NVDA today, TSLA could also amplify broader risk-on or risk-off movement.
Final Word: Today's session combines another meaningful batch of economic data with the market's first full opportunity to digest NVIDIA's earnings. NVDA beat on both the top and bottom lines and guided the next quarter comfortably above consensus, while management's longer term commentary suggested AI demand remains significantly greater than available supply. The more important takeaway is that the bottleneck is evolving: memory remains constrained and expensive, while power availability, data center capacity, permitting, and financing are becoming increasingly important limitations on how quickly AI infrastructure can actually be deployed. Management indicated supply constraints could persist through FY28 even as customer demand continues running above what the supply chain can deliver.
That creates a broader read-through beyond NVIDIA itself. Continued AI infrastructure demand remains constructive for semiconductors, networking, data centers, utilities, and the hyperscalers, but rising memory costs and increasingly scarce power capacity also introduce new margin and capital requirements. NVIDIA's filings additionally show the company securing substantial future data center capacity while customers are taking longer to pay on large multi-quarter deals. In other words, the AI trade increasingly appears less constrained by finding customers for GPUs and more constrained by physically financing, powering, and building enough infrastructure to deploy them.
On the economic side, Advance Goods Trade Balance, Imports, Exports, Retail and Wholesale Inventories, and Weekly Jobless Claims all arrive at 8:30AM ET. Kansas City Fed Manufacturing Activity follows at 11:00AM ET. While none of these releases individually carries the weight of yesterday's PCE data, Jobless Claims will provide another useful update on labor conditions and the trade and inventory figures will add information about underlying economic activity. Treasury activity could become increasingly important during the afternoon, culminating with the 7 Year Note Auction at 1:00PM ET. With equities balancing fresh economic data against one of the market's most important AI earnings reports, watch both Treasury yields and the breadth of the technology reaction. If NVDA strength spreads into semiconductors, hyperscalers, and QQQ while yields remain contained, the response will carry considerably more weight than an isolated rally in NVIDIA itself. Good luck and trade safely!
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