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 676.25 as the session develops within a shortened holiday week. Buyers are attempting to stabilize price above this area early, and if they can hold firm, a rotation higher into 678.10 becomes possible. Continued strength could allow price to work into 679.60, where overhead supply may start to respond. A stronger bid could open the door toward 681.00, especially if broader market sentiment improves following the morning data.
If SPY fails to hold 676.25, sellers may begin pressing price into 674.80. A clean loss there increases the risk of a move into 673.20. Should downside momentum build, price could unwind toward 671.75. Continued weakness below that level would suggest risk is being reduced ahead of upcoming macro events, opening the door for deeper intraday pullbacks.
Invesco QQQ Trust Series 1 (NASDAQ: QQQ)
QQQ is currently trading around 606.00, with tech attempting to find balance after recent volatility. If buyers can defend this area, a push into 607.85 may develop. Sustained strength could carry price toward 609.40, where momentum traders may look for follow through. A broader tech bid could extend the move into 611.00 if buyers remain in control.
If QQQ loses 606.00, selling pressure may pull price down toward 604.50. A break below that level could invite a move into 602.90. Continued downside could stretch into 601.25 as sellers lean into rallies. Failure to stabilize there would indicate growing caution across growth names.
Apple Inc. (NASDAQ: AAPL)
Apple is currently trading around 246.25 as buyers attempt to defend a key short term area. Holding this level could allow price to lift into 247.40, with additional upside targeting 248.75. If buyers remain active, AAPL may rotate toward 250.00, where sellers are likely to respond. A clean reclaim above that zone would improve the short term outlook.
If AAPL breaks below 246.25, sellers may press price into 245.10. A loss of that level opens the door toward 243.85. Continued weakness could bring 242.50 into focus. Failure to find demand there would suggest Apple remains under distribution pressure.
Microsoft Corp. (NASDAQ: MSFT)
Microsoft is currently trading around 452.25, where buyers are trying to slow recent downside momentum. If support holds, price may grind into 454.10, followed by a potential test of 455.75. Sustained buying could allow MSFT to stretch into 457.50, especially if the broader market firms.
If MSFT slips below 452.25, sellers may look to test 450.90. A breakdown there exposes 449.25 as the next downside area. Continued selling pressure could drive price toward 447.75, signaling tech leadership remains fragile.
NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA is currently trading around 178.00, sitting near an important pivot zone. If buyers step in here, a push into 179.60 may develop. Continued strength could lift price toward 181.25, with upside momentum potentially extending into 183.00 if sentiment improves across semiconductors.
If NVDA fails to hold 178.00, sellers may drive price into 176.50. A loss of that level opens the door toward 174.90. Sustained downside could drag price into 173.25, reflecting reduced risk appetite across high beta names.
Alphabet Inc Class A (NASDAQ: GOOGL)
Alphabet is currently trading around 318.50, with buyers attempting to regain short term structure. Holding this level could allow price to move into 320.10. Continued strength may bring 321.75 into play. A stronger tape could support an extension toward 323.50.
If GOOGL breaks below 318.50, sellers may push price into 316.90. Further weakness could target 315.25. If downside momentum accelerates, price may slide toward 313.75 as buyers step aside.
Meta Platforms Inc (NASDAQ: META)
Meta is currently trading around 604.00, where bulls are trying to defend a critical support area. A hold here could lead to a move into 606.50, followed by a potential test of 609.00. If buyers remain aggressive, META could stretch into 611.75.
If 604.00 fails, sellers may take control and push price into 601.90. Continued pressure could bring 599.50 into focus. A deeper slide would suggest weakness spreading across large cap tech.
Tesla Inc. (NASDAQ: TSLA)
Tesla is currently trading around 418.00 as volatility remains elevated. If buyers can hold this level, price may rebound into 420.75. Continued upside could target 423.50, with a stronger rally potentially reaching 426.00 if momentum builds.
If TSLA loses 418.00, sellers may drive price into 415.90. A breakdown there exposes 413.25. Continued selling could drag price toward 410.75, keeping Tesla under heavy pressure.
Final Word: Today’s session continues the shortened trading week with global attention on President Trump’s special address from Davos at 8:30AM ET. Markets will be closely watching any commentary tied to trade, geopolitics, or economic policy, as remarks from this forum have the potential to move risk sentiment quickly.
On the data front, housing will be in focus early with December Housing Starts and Preliminary Building Permits at 8:30AM ET, followed by Redbook Retail Sales at 8:55AM ET. At 10:00AM ET, traders will digest Pending Home Sales and delayed Construction Spending data, offering further insight into demand conditions. The session concludes with a 20 Year Bond Auction at 1:00PM ET, which could influence rates and equity positioning.
With a lighter calendar overall and a holiday week environment, price action may remain choppy and headline driven. Liquidity conditions can exaggerate moves, so patience and disciplined risk management remain critical. Trade carefully and stay flexible.
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.