Newsletter 02/18/2024

Newsletter 02/18/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
February 18, 2025

Quote of the day: “Nothing is sufficient for the person who finds sufficiency too little” -Epicurus

For those of you that this is relevant for I know you are smiling little wider today…

Today FTX begins $18B in repayments…. It has been a longgggg journey since December of 2022. Probably with some bumps, some bruises and seeing the world a touch different but the important thing is that you made it.


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.


FUBO as I mentioned last week this one is very interesting. I do not consider myself a big technical trader but this is pretty classic resistance turned into support. With ER coming up may be the catalyst to launch this. NP and not sure if I will touch it but even as I am saying this it is starting to break out of this range. Although not pictured - for the larger thesis type plays I usually like to see how they handle the 20d MA. Remember we all have access to the sameeeee information. Check it out yourself. To some this is probably screaming to short.

FUBO





SPY grinding higher… Good day to check out those retirement accounts!!

No interest: 611.14 - 612.78

Above Targets: First target is 613.44 Second target is 614.9 Third target is 616.6 Reach Target is 619

Below Targets: First target is 610.45 second target is 609.35 third target is 607.84 Reach Target is 603.61

AMZN LEVELS:

No interest zone: 228.6 - 230.1

Above Targets: First target is 232.83 second target is 234.68 third target is 235.83 Reach 238.2

Below Targets: First target is 227.1 second target is 225.8 third target is 223.28 Reach Target is 221

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.