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 654.75 as markets head into MOPEX Friday with positioning flows likely driving price action more than fundamentals. If buyers defend this level early, a move toward 658.75 may develop, followed by 662.50 if upside momentum builds through dealer hedging flows. Sustained strength above 666.25 would suggest a broader relief move into the close.
If SPY loses 654.75 with conviction, sellers may press into 651.25. A breakdown there could expose 647.75, and continued weakness may bring the 644.25 region into focus. Expect sharp, mechanical moves driven by options positioning.
Invesco QQQ Trust Series 1 (NASDAQ: QQQ)
QQQ is currently trading around 589.00 and remains under pressure following the post FOMC yield move higher. If buyers defend this pivot, a push toward 593.25 may develop, followed by 597.00 if tech begins to stabilize into expiration. Sustained strength above 600.50 would signal improving upside momentum.
If 589.00 fails to hold, sellers may drive price toward 585.25. A deeper breakdown could expose 581.50, and continued weakness may bring the 577.75 region into play. Nasdaq may see exaggerated moves due to options positioning.
Apple Inc. (NASDAQ: AAPL)
AAPL is currently trading around 248.00 and attempting to stabilize after recent downside pressure. If buyers defend this level, price may rotate toward 251.25, followed by 254.50 if broader tech sentiment improves. Sustained strength above 257.75 would indicate stronger accumulation.
If 248.00 breaks lower, sellers may test 245.25 quickly. Continued downside pressure could extend into 242.50, and deeper weakness may bring the 239.75 region into focus.
Microsoft Corp. (NASDAQ: MSFT)
MSFT is currently trading around 387.00 and continues to trade below the key 400 level. If buyers reclaim 390.75, price may push toward 394.50, followed by 398.75 if momentum builds into the close. A sustained move above 402.25 would signal improving strength in large cap tech.
If 387.00 fails to hold, sellers may press into 383.50. A deeper pullback could test 379.75, and continued weakness may bring the 376.00 region into play.
NVIDIA Corporation (NASDAQ: NVDA)
NVDA is currently trading around 177.50 and remains a key sentiment driver for semiconductors. If buyers defend this pivot, a move toward 181.75 may develop, followed by 185.50 if chip strength returns. Sustained trade above 189.25 would indicate renewed upside momentum.
If 177.50 breaks lower, sellers may test 174.25 quickly. Continued downside could extend into 170.75, and deeper weakness may bring the 167.25 region into focus.
Alphabet Inc Class A (NASDAQ: GOOGL)
GOOGL is currently trading around 304.75 and holding just above the 300 psychological level. If buyers maintain control, price may rotate toward 308.25, followed by 311.75 if communication services strengthen. A sustained move above 315.25 would indicate improving upside participation.
If 304.75 fails to hold, sellers may guide price toward 301.25. A breakdown there could expose 297.75, and continued weakness may bring the 294.25 region into play.
Meta Platforms Inc (NASDAQ: META)
META is currently trading around 602.50 and consolidating after recent downside moves. If buyers defend this level, a push toward 607.50 may develop, followed by 612.25 if momentum builds into expiration. Sustained strength above 617.00 would signal improving sentiment.
If 602.50 breaks lower, sellers may guide price toward 598.00. A deeper pullback could test 593.75, and continued weakness may bring the 589.50 region into focus.
Tesla Inc. (NASDAQ: TSLA)
TSLA is currently trading around 377.93 and remains highly reactive to broader market flows. If buyers defend this pivot, a move toward 383.25 may develop, followed by 388.75 if speculative momentum builds. Sustained strength above 394.25 would indicate stronger upside participation.
If 377.93 fails to hold, sellers may test 373.50 quickly. Continued downside pressure could extend into 369.25, and deeper weakness may bring the 365.00 region into play.
Final Word: Today’s session closes out the week with triple witching, where stock options, index options, and index futures all expire simultaneously. This tends to create elevated volatility, sharp intraday rotations, and mechanically driven price action as large institutional positions are rolled, closed, or hedged. With no major economic data releases scheduled, today’s movement will likely be dominated by positioning flows rather than fundamentals, especially into key levels where large options interest is concentrated.
The only notable event comes after the close, with Fed Chair Powell delivering brief pre-recorded remarks at 1:30PM ET as part of the American Society for Public Information Annual Conference. While this is not expected to introduce new policy guidance, markets will remain sensitive to any tone following this week’s FOMC decision and the recent rise in Treasury yields. With triple witching in play, expect fast, exaggerated moves and potential reversals as liquidity shifts throughout the session and into the weekend. Good luck, trade safely, happy Friday, and have a great weekend!
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.