Newsletter 05/29/2024

Good Morning Trader!

_{Quote of the day: “Today, you have 100% of your life left.” - Tom Landry}

I like to look at this quote when I feel like life is passing me by or I have missed too much time to start something new. This quote reminds me of the saying “you miss 100% of the shots you do not take.” Imagine where we can be in 6… 8… 15 months if we start June 1st. Cutting out the noise and working towards a bigger goal. Being incredibly intentional. If you have sometime look up Ken Rideout the marathon runner - I believe he embodies this mentality.

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.

Yesterday really good thoughts. $SPY essentially gave no movement except for one quick breakdown right to Level 1. Went straight to level 1 and then right back up into that range as we discussed.

SPY Levels for the day: Still cautious of anything until market makes a blow out or wash out and proves itself. Big opportunity is coming but do not care to be first on the scene.

No interest zone: 524.22 - 527.95

Above Targets: 528.95 and then the next target is 529.6. Final target being 530.61

Below Targets: 523.34 is the first target, 522.8 is the second and 521.91 is the final target

TSLA is high on my watchlist. Let me know if you would like to see the 2 scenarios I am looking for to potentially happen and how I will react. For now I will show what HAS happened. On the 5 minute is a pretty clean chart: May 21st big move down, litttle air to breath before May 23rds big move down (chart). Consolidates, retraces about 70% of the way, wash out right back down to support where again it bounced. Now it is forming this descending triangle. I do not have any interest at all day trading this. Want to watch and get a feel for it. Would not be surprised if another big move comes end of this week, beginning of next week.

$TSLA Zooming out: A way to add to confidence in a trade is when multiple time frames are aligning to show the same thing.You have multiple time frames showing the same thing on TSLA. Same support level on small and large time frames with multiple descending triangles.

_{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 any stocks mentioned 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”}