Newsletter 01/28/2024

Newsletter 01/28/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
January 28, 2025

Quote of the Day: “Confidence is feeling as low as you’ve ever felt in your life and knowing you’ll recover stronger then you were before.” - Tim Grover

Big one today from one of my favorite books “Winning”.

Notes:

I had thrown this graphic in the newsletter on Friday. Now I did not expect the sell off we had but I think it is always good to have a pulse on the market.

Trade Review:


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.

This was my trade yesterday for NVDA. Just as discussed yesterday - Patience. This was a 2.5% trade. I never gave it the opportunity to go against me. Without the tools from SpeedTrader and patience I might have had 2…3 losses prior to this and would just be working to make it back.

If I were a risk manager at a fund this would be on every traders sheet today:

  • Quantum Names - RGTI was good yesterday but really feels like they want this higher. Some big name people have come out saying they are short sector. Maybe eventually a margin call, blow out for a decent fade? Do not really love it here in either direction. Was hoping it would open below 12 for a continued move down…

  • Small Cap gainers ill be watching: SLXN, TRIB, BACK,


    SPY:

No interest: 599.32 - 601.29

Above Targets: First target is 601.96 Second target is 602.82 Third target is 604.93 Reach Target is 606.28

Below Targets: First target is 598.73 second target is 597.78 third target is 595.89 Reach Target is 592.82

AMZN LEVELS:

No interest zone: 234 - 236

Above Targets: First target is 236.7 second target is 238.8 third target is 239.9 Reach 242

Below Targets: First target is 232.67 second target is 231.54 third target is 229.73 Reach Target is 227.67

TSLA LEVELS:

No interest zone: 390.75 - 394.98

Above Targets: First target is 397.72 second target is 399.93 third target is 403.5 Reach 409.28

Below Targets: First target is 388.1 second target is 386.14 third target is 383.14 Reach Target is 379.1

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.