Newsletter 02/19/2024

Newsletter 02/19/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
February 19, 2025

Quote of the day: “I'd rather be hated for who I am, than loved for who I am not.” -Kurt Cobain


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

A big watch for me today is $SMCI I PERSONALLY would like one more big green day but with this gap up it is pretty over extended (red line is about current pm price). Don’t really want to be first to this trade but if we were to run off open, go parabolic and go red that is when i would most likely sink in and try to have patience…





SPY some weakness - interested to see if it continues

No interest: 609.6 - 610.9

Above Targets: First target is 611.34 (can extend NI) Second target is 612.31 Third target is 614.6 Reach Target is 617

Below Targets: First target is 608.24 second target is 606.98 third target is 605.72 Reach Target is 603.61

AMZN LEVELS:

No interest zone: 225.49 - 226.58

Above Targets: First target is 227.68 second target is 228.34 third target is 229.12 Reach 230.21

Below Targets: First target is 224.81 second target is 223.7 third target is 221.1 Reach Target is218.87

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.