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 689.00 as the market heads into a data heavy session. Buyers will want to see this area hold as near term balance, as stability here opens the door for a push toward 691.00. If momentum builds on positive data reactions, price could extend into 693.25 where sellers are likely to test strength. A sustained bid above that zone would signal growing confidence and could allow for a broader upside continuation.
If SPY fails to hold 689.00, downside pressure may develop quickly into 686.75. A break below that level would likely invite a deeper rotation toward 684.50 as traders reassess risk. Continued weakness through that area would suggest sellers gaining control, increasing the odds of a larger downside move during the session.
Invesco QQQ Trust Series 1 (NASDAQ: QQQ)
QQQ is currently trading near 621.25, sitting in the middle of an important range. Buyers will look for support to firm up here, which could allow price to rotate higher into 623.75. If tech responds well to the economic data, momentum could carry into 626.00 where prior supply may reappear. Holding above that area would suggest a constructive shift in sentiment.
If QQQ loses 621.25, sellers may pressure price into 618.75 fairly quickly. Failure to stabilize there opens the door toward 616.25, a level that has acted as a pivot recently. A sustained move below that zone would indicate increasing risk aversion across growth names.
Apple Inc. (NASDAQ: AAPL)
Apple is currently trading around 249.00 and attempting to stabilize after recent volatility. If buyers can defend this level, a grind higher into 251.25 becomes possible. Continued strength may allow price to reach 253.00, where sellers are likely to be more active. Holding above that would suggest improving short term structure.
If AAPL slips below 249.00, downside pressure could push price into 246.75. A break there increases the likelihood of a move toward 244.50. Continued selling through that area would signal fading buyer interest and a more defensive posture.
Microsoft Corp. (NASDAQ: MSFT)
Microsoft is currently trading near 448.00, a level where buyers are attempting to slow recent downside momentum. If support holds, price could rotate higher into 450.50. Strength through that area may allow a push toward 453.25 as traders reassess risk following the data.
If MSFT fails to hold 448.00, sellers may press price into 445.75. Losing that level opens the door toward 443.25. Sustained weakness would reflect continued caution toward large cap tech exposure.
NVIDIA Corporation (NASDAQ: NVDA)
NVIDIA is currently trading around 185.00 as it remains sensitive to broader market direction. A hold above this level could lead to a move into 187.75. If buyers step in aggressively, price may extend toward 190.00 where profit taking is likely to emerge.
If NVDA loses 185.00, sellers may push price into 182.75. A break below that level could accelerate downside toward 180.25. Continued weakness would suggest semiconductors remain under pressure during volatile conditions.
Alphabet Inc Class A (NASDAQ: GOOGL)
Alphabet is currently trading near 334.50 and attempting to maintain upward structure. If buyers hold this area, price could rotate higher into 337.50. Strength beyond that may allow an extension toward 340.25, signaling continued accumulation.
If GOOGL slips below 334.50, sellers may drive price into 331.75. A breakdown there could lead to a deeper pullback toward 328.75 as buyers step aside.
Meta Platforms Inc (NASDAQ: META)
Meta is currently trading around 625.25 as it consolidates after recent moves. Holding this level could allow price to climb into 628.75. If momentum builds, an extension toward 632.00 becomes possible with improving sentiment.
If META fails to hold 625.25, downside pressure may push price into 621.75. Continued weakness could lead to a move toward 618.50, signaling reduced risk appetite.
Tesla Inc. (NASDAQ: TSLA)
Tesla is currently trading near 435.75 and attempting to regain balance. A firm hold here could lead to a push toward 439.25. Continued buying may allow price to reach 443.00 where sellers are likely to respond.
If TSLA breaks below 435.75, sellers may pressure price into 432.25. Failure to hold that level opens the door toward 428.75 as volatility expands.
Final Word: Today’s session brings a heavy concentration of high impact economic data, which increases the likelihood of sharp and fast market reactions. At 8:30AM ET, traders will receive Initial and Continuing Jobless Claims, Core PCE Prices, US GDP, and PCE. This cluster of releases will be critical in shaping expectations around inflation trends, economic growth, and the future path of monetary policy.
Later in the session at 1:00PM ET, the Treasury will hold the 10 Year TIPS auction, which can influence rate expectations and broader market positioning. With so many key data points hitting in a short window, volatility may be elevated throughout the day as markets digest the information and reposition. Patience, discipline, and risk management will be essential. Good luck and trade safely.
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.