Benzinga·2025-05-21 13:27Core Viewpoint - The Market Clubhouse Morning Memo provides insights on key stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, focusing on pivotal price levels and potential trading strategies based on market dynamics [1][2][19]. SPDR S&P 500 ETF Trust (SPY) - SPY is trading near a pivotal level of 589.71, with bullish targets set at 592.00 and 595.14, potentially reaching 598.04 if buying pressure sustains [2][3]. - If SPY loses support at 589.71, it may decline towards 587.31, with further downside targets at 585.75, 584.68, and a low of 583.18 [3]. Invesco QQQ Trust Series 1 (QQQ) - QQQ is near a pivotal area at 517.97, with bullish targets at 518.65 and 519.87, potentially reaching 523.91 if bullish momentum continues [4][5]. - A failure to hold at 517.97 could lead to a decline towards 516.58, with further targets at 515.00, 513.64, and a low of 511.53 [5]. Apple Inc. (AAPL) - AAPL is trading around 206.55, with bullish targets at 207.18 and 207.93, potentially reaching 209.81 if momentum persists [6][7]. - If support at 206.55 fails, AAPL may drop to 205.54, with further targets at 204.33, 203.48, and a low of 202.29 [7]. Microsoft Corp. (MSFT) - MSFT is near a pivotal point at 455.77, with bullish targets at 457.25 and 459.18, potentially reaching 462.07 if bullish strength is established [8][9]. - A decline below 455.77 could lead to targets at 453.02, 450.26, and a low of 446.33 [9]. NVIDIA Corporation (NVDA) - NVDA is trading near a critical level at 133.31, with bullish targets at 134.56 and 135.64, potentially reaching 137.94 if buying continues [11][12]. - If support at 133.31 fails, NVDA may decline towards 132.19, with further targets at 131.42, 129.53, and a low of 128.10 [12]. Alphabet Inc Class A (GOOGL) - GOOGL is around a key pivot at 165.41, with bullish targets at 166.12 and 167.04, potentially reaching 169.34 if bullish momentum holds [13][14]. - A failure to maintain support at 165.41 could lead to declines towards 163.79, with further targets at 161.79 and a low of 160.36 [14]. Meta Platforms Inc (META) - META is trading near a significant pivot at 635.49, with bullish targets at 642.59 and 646.48, potentially reaching 650.56 if momentum continues [15][16]. - If support at 635.49 fails, META may decline towards 629.88, with further targets at 622.01 and a low of 615.65 [16]. Tesla Inc. (TSLA) - TSLA is near a focal point at 346.64, with bullish targets at 350.87 and 356.80, potentially reaching 370.22 if bullish sentiment persists [17][18]. - A failure to maintain support at 346.64 could lead to declines towards 340.97, with further targets at 333.93, 327.59, and a low of 322.52 [18]. Economic Schedule - The economic schedule includes the 20-Year Treasury Bond Auction at 1 PM ET and remarks from Federal Reserve non-voting member Thomas Barkin at 12 PM ET, which may influence market sentiment [19].