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- Newsletter 05/28/82024
Newsletter 05/28/82024
“BIG CONSOLIDATION LEADS TO BIG MOVES”.
Good Morning Trader!
Quote of the day: Towards the bottom of every email you will see a quote “Hazard Zet Forward” which essentially means move forward despite the obstacles.
Everyone faces adversity. Embrace the spirit of 'Hazard Zet Forward' and let it remind you that true progress often requires facing challenges head-on. Keep moving forward, no matter what stands in your way. There is a Superman type effect when you conquer something that feels so incredibly daunting, like there is no way you can over come it. Everyday, taking small, incremental steps toward conquering that goal. It fires me up. You can build off of that momentum for the next time you are faced with an obstacle you think you are not sure you can over come.
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. THANK YOU for being here.
SPY Levels for the day: SPY has been consolidating and does not look like it wants anything but this range of 528.07 - 531.68. Something etched in my brain is “BIG CONSOLIDATION LEADS TO BIG MOVES”. However, I have 0 interest in being first on the scene. Any type of failed follow through or blow out the top will need to seriously prove itself for the bigger move.
No interest zone: 528.25 - 532.02
Above Targets: 532.89 and next level I have is 533.6. There is a level at 534 - but again anything above that 531.68 and I would be extremely cautious till we get real follow through
Below Targets: 527.43 and 526.91 are the below levels and 5252.56
Meme: I tried to make this my Twitter profile picture but my account is under review so I am sharing it here. The $HUGH memes have given constant laughter past few days and I feel grateful for that community. As I write this, it feels really good - like getting back on a horse after years (that also happened recently).
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 currently plan to not specifically trade $SPY itself so there is zero conflict. That being said 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.
See you all tomorrow!
H.H
“Hazard Zet Forward”
See you all tomorrow!