Newsletter 01/29/2024

Newsletter 01/29/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
January 29, 2025

Quote of the Day: "I am a part of all that I have met." - Alfred Tennyson

Notes:

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 01/27 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 again good motion yesterday in the name… Still really want to see it break under and hold below that 12. Really good seeing it not bouncing back as much. Definitely week.

  • Small Cap gainers ill be watching: SLXN, OCEA


    SPY: Yesterday was insane…. Hit below level 1 and just moon shot… interested to see if this 602.75 turns into support… Maybe a flush under for a trade long or flush under and using that as risk… Will see how the next 7 hours play out.

No interest: 602.75 - 604.2

Above Targets: First target is 604.93 Second target is 605.28 Third target is 607 Reach Target is 609.04

Below Targets: First target is 601.21 second target is 600.27 third target is 598.73 Reach Target is 594.71

AMZN LEVELS: ATH for AMZN yesterday - Levels are tougher ATH

No interest zone: 237.71 - 240.74

Above Targets: First target is 242.1 second target is 243.6 third target is 244.9 Reach 247.4

Below Targets: First target is 236.88 second target is 234.95 third target is 233.05 Reach Target is 230.05

TSLA LEVELS:

No interest zone: 394.23 - 397

Above Targets: First target is 398.94 second target is 399.93 third target is 403.5 Reach 407.79

Below Targets: First target is 392.01 second target is 390.64 third target is 388.41 Reach Target is 382.59

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.