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 689.75 as markets digest the State of the Union backdrop and position ahead of NVDA earnings after the bell. If buyers defend this zone, a push toward 692.00 may develop, followed by 694.25 if momentum builds into the afternoon auctions. Sustained strength above 696.00 would signal expanding upside participation and could open the door toward 698.50 as traders lean risk on into earnings.
If SPY loses 689.75 with conviction, sellers may press into 687.50. A breakdown there could expose 685.75, and continued downside pressure may test 683.50. With lighter data but earnings driven volatility looming, expect sharp intraday rotations.
Invesco QQQ Trust Series 1 (NASDAQ: QQQ)
QQQ is currently trading around 610.50 and remains sensitive to positioning ahead of NVDA earnings. Holding above this pivot may allow a move into 613.25, followed by 616.00 if growth participation expands. A break above 618.50 would reflect stronger upside momentum and potential short covering into the close.
If 610.50 fails to hold, sellers may guide price into 607.75. A sustained breakdown could bring 605.25 into focus, and deeper weakness may target 602.50. Tech may stay range bound until earnings clarity arrives.
Apple Inc. (NASDAQ: AAPL)
AAPL is currently trading around 271.50 and attempting to build higher structure within the broader range. If buyers defend this level, a move toward 273.75 may develop, followed by 276.25 if broader tech firms. Sustained strength above 278.00 would suggest improving institutional demand.
If 271.50 breaks lower, sellers may test 269.75. A breakdown there could expose 267.25, and continued weakness may bring 264.75 into view. Watch Apple’s relative strength as a signal of mega cap confidence.
Microsoft Corp. (NASDAQ: MSFT)
MSFT is currently trading around 390.50 and remains below the key 400 psychological level. If buyers reclaim 393.25, price may rotate toward 396.00, followed by 398.75 if momentum improves. A sustained push above 401.00 would signal structural repair.
If 390.50 fails to hold, sellers may press into 387.75. Continued weakness could extend into 384.50, and deeper downside may test 381.25. Microsoft’s response to broader tech flows will influence QQQ sentiment.
NVIDIA Corporation (NASDAQ: NVDA)
NVDA is currently trading around 194.00 as traders position ahead of earnings this evening. Holding this pivot may spark a move toward 197.50, followed by 200.00 if speculative interest builds into the event. Sustained strength above 202.50 would reflect aggressive pre earnings positioning.
If 194.00 breaks lower, sellers may test 190.75. A breakdown there could expose 187.50, and continued weakness may target 184.25. Expect volatility expansion into the close as traders hedge or lean into the report.
Alphabet Inc Class A (NASDAQ: GOOGL)
GOOGL is currently trading around 312.50 and attempting to maintain stability above recent consolidation. If buyers defend this zone, a move toward 315.25 may unfold, followed by 317.75 if communication services strengthen. A break above 320.00 would signal renewed upside momentum.
If 312.50 fails, sellers may press into 309.75. A sustained breakdown could expose 307.25, and deeper weakness may target 304.75. Losing that region would dampen enthusiasm in large cap growth.
Meta Platforms Inc (NASDAQ: META)
META is currently trading around 641.50 and working to hold short term support. If buyers step in, price may rotate toward 645.00, followed by 648.75 if upside momentum builds. Sustained strength above 651.50 would indicate continued leadership within growth names.
If 641.50 breaks down, sellers may guide price into 637.75. A deeper pullback could test 633.50, and continued weakness may bring 629.25 into play. Watch relative performance versus QQQ.
Tesla Inc. (NASDAQ: TSLA)
TSLA is currently trading around 410.50 and remains highly reactive to macro tone and earnings positioning across tech. If buyers defend this pivot, a push toward 414.25 may develop, followed by 418.00 if momentum expands. A breakout above 421.50 would signal stronger speculative participation.
If 410.50 fails to hold, sellers may test 406.75. Continued downside pressure could extend into 402.50, and deeper weakness may bring 398.75 into focus. Tesla often exaggerates broader market swings.
Final Word: Today’s economic calendar is relatively light following the State of the Union and ahead of NVDA earnings this evening, but we still have several scheduled Fed appearances and Treasury events. At 9:35AM ET, Richmond Fed President Thomas Barkin participates in a panel discussion in Virginia. At 10:30AM ET, the DoE releases Crude Oil, Gasoline, and Distillate Inventories, which may influence energy markets and inflation expectations.
At 11:00AM ET, Kansas City Fed President Jeffrey Schmid participates in a fireside chat in Denver, followed by a 2 Year FRN Auction at 11:30AM ET and a 5 Year Note Auction at 1:00PM ET. Later at 1:20PM ET, St. Louis Fed President Alberto Musalem participates in a moderated discussion in St. Louis. With limited traditional data but significant earnings risk from NVDA after the bell, expect positioning driven price action and potential volatility into the close. Trade with discipline and manage risk carefully.
You can also catch Rips every Monday through Friday at 8AM EST streaming live for FREE on YouTube at https://www.youtube.com/@RipsTrades/streams and on Kick at https://kick.com/rips where he breaks down the markets in real time and helps traders level up.