Market Clubhouse Memo Analyzes Key Stocks for May 13 Trading Session

Market Clubhouse Morning Memo releases analysis of eight key stocks, including SPY, QQQ, AAPL, and TSLA, with price levels and targets based on proprietary formula. The May 13 trading session is expected to be light on news, with a few scheduled events, including speeches from Fed members.

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Aqsa Younas Rana
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Market Clubhouse Memo Analyzes Key Stocks for May 13 Trading Session

Market Clubhouse Memo Analyzes Key Stocks for May 13 Trading Session

The Market Clubhouse Morning Memo has released its analysis of eight key stocks for the May 13, 2024 trading session. The memo, curated by pro trader RIPS, provides price levels and targets for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula that considers price, volume, and options flow.

For the SPY, currently trading around 521.85, the memo sets bull targets at 522.84, 523.76, 525.26, and 526.31, with bear targets at 520.67, 519.71, 518.76, and 518.04. The QQQ, at 442.53, has bull targets of 444.09, 445.09, 446.51, and 447.73, and bear targets at 441.56, 440.78, 440.00, and 438.89.

Why this matters: The analysis of these key stocks can have a significant impact on investment decisions, influencing the overall performance of the stock market. As major players in the tech industry, the movement of these stocks can also affect the broader economy and have far-reaching consequences for consumers and businesses alike.

Apple (AAPL), trading at 184.96, has bull targets of 185.86, 186.35, and 186.99, with bear targets at 184.59, 184.09, 183.38, and 182.96. Microsoft (MSFT), at 419.17, shows bull targets of 420.26, 421.62, and 422.84, and bear targets at 417.25, 416.32, 414.56, and 413.14.

NVIDIA (NVDA), at 907.51, has bull targets of 913.30, 917.98, 922.67, and 928.47, with bear targets at 903.25, 898.13, 890.55, and 882.97. Alphabet (GOOGL), trading at 165.41, shows bull targets of 167.04 and 169.34, and bear targets at 163.79, 161.79, and 160.36.

Meta Platforms (META), at 473.93, has bull targets of 475.19, 477.50, and 479.47, with bear targets at 470.28, 468.38, and 465.81. Tesla (TSLA), trading at 169.70, shows bull targets of 172.61, 176.34, and 182.53, and bear targets at 166.89, 164.87, and 168.32.

The May 13 trading session is expected to be light on news, with the New York Fed Survey of Consumer Expectations at 11:00 AM ET and a 3 and 6 Month Bill Auction at 11:30 AM ET. Speeches from Fed members Jefferson and Mester are scheduled for 9:00 AM EST. OpenAI is set to present a new product at 1:00 PM ET, which could potentially impact major AI-related stocks.

The Market Clubhouse Morning Memo provides exclusive insights, expertise, and real-time mentorship to its members. RIPS, the pro trader behind the memo, brings years of experience in equities, options, and futures trading to guide investors through the dynamic landscape of the stock market on May 13, 2024.

Key Takeaways

  • Market Clubhouse Morning Memo analyzes 8 key stocks for May 13, 2024 trading session.
  • Stocks include SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
  • Bull and bear targets provided for each stock based on proprietary formula.
  • Light news day expected, with Fed speeches and OpenAI product presentation.
  • Market Clubhouse Morning Memo offers exclusive insights and real-time mentorship.