Newsletter 01/07/2024

Newsletter 01/07/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
January 07, 2025

Quote of the Day: “When you love what you have, you have everything you need.” ― A.A. Milne

Trying a poll for the first time… A few have asked for QQQ levels. Whichever wins is what we will do moving forward..

AMZN or QQQ ?

Brought to my attention some miss the QQQ levels...

Login or Subscribe to participate in polls.

Market as you can see has been in a pretty decent range the past month… Again my expectation is grind & range action until inauguration. Just a hunch. As we always talk about this type of action leads to good price action but just need to understand where we are at (in cycle and price). Put larger timeframe lines on your intraday charts so you have an idea… Everyday just zoom out and check where we are… can help a lot in bias and management.

SPY Levels: If we go up, test 600ish, reject and close below first downward level my bias tomorrow will be bearish… Should make sense based on what was discussed above. Does not mean I will short the world but that is what I am “looking for”. I hope this is all making sense… Reply to email if want to talk more about it (I try to respond to all in a few days)

No interest: 595.6 - 597.89

Above Targets: First target is 599.21 Second target is 600.46 Third target is 602.1 Reach Target is 604.87

Below Targets: First target is 594.62 second target is 593.03 third target is 591.91 Reach Target is 588.31

AMZN LEVELS:

No interest zone: 226.24 - 228

Above Targets: First target is 228.9 second target is 229.9 third target is 231.6

Below Targets: First target is 225.71 second target is 224.84 third target is 223.57 Reach Target is 222.27


SpeedTrader is a sponsor for the Newsletter!! As many of you know, I trade small caps. I've been focusing on small caps using SpeedTrader as my go-to brokerage for the past 8 months, especially for shorting stocks. TD, ETRADE etc. are so unreliable. My fills were also terrible. I would see the price LOWER and still have trouble getting filled. I use SpeedTrader because they have TRUE Direct Market Access, so I can execute my trades. Plus, their customer service is top-notch —always there when I need them.

Check out the promo rate and full details by clicking on the banner/logo above or any of the links. Remember, I can only share what I personally use SpeedTrader for—I can't offer their services or answer questions about them directly.

This trade below is from November. I am able to route through FAN, ARCA etc. using SpeedTrader to help me get the best execution price. The commission rate posted on the link above is $.0015 per share when using code HUGHHENNE. Be sure to read the web page and/or contact SpeedTrader for details.

GOOD LUCK AND BE SAFE

H.H

“Hazard Zet Forward”

PLEASE READ: I am doing this because I love the community and enjoy talking about stocks. I have a right to talk about stocks and I’m going to do just that. Nothing is advice. I am not a financial advisor. This is not advice (seriously, i mean it). I am not a pro. I could be buying or selling any ticker mentioned at any time. One more time - I could be buying or selling any ticker mentioned at any time. I will do what I want and I want you to do what YOU want. Any money made / lost is the result of your personal decision - “Daily Newsletter” “Hugh henne” “Mitch Hennessey” or anyone / anything connected to any of those are not liable.