Newsletter 07/17/2024

Good Morning !

_{Quote of the day:} "You can only become truly accomplished at something you love. Don't make money your goal. Instead pursue the things you love doing and then do them so well that people can't take their eyes off of you." - Maya Angelou

Unfortunately my write up is not complete - a few more things I want to include before I had it over.

Small Caps - been hearing alot of “small cap summer”. This is derived from fed talk on cutting interest rates (easier access to cheap $$) and the massive 2 year IWM break out.

Cutting interest rates + IWM breakout continues + Election talks = Small Caps stay hot…. However if those 2 key points turn small caps go back to the graveyard

Side note: This is a massive breakout and 100% needs a breakout SOON. That being said there has been a rotation out of some of the blue chips so if some inside candles come and consolidation happens up here wooooof spec / risk on could be the play for multi months.

SPY Levels:

No interest zone: 558.52 - 560.33

Above Targets: First target is 561.02, second target is 561.49. third target is 562.55. then 563.21 Reach Target is 564.56

Below Targets: 557.6 is the first target. Second target is556.68. Third target is 555.76 reach target is 554.19

AMZN Levels:

No interest: 190.11 - 192.29

Above targets: 193.46, 19461, 195.36, 198.06

Below Targets: 189.21, 187.76, 186.32,185.48

NQ Levels:

No interest: 2034.29 - 20379.51

Above targets: 20446.94, 20503.29, 20584.04, 2071.51

Below Targets: 20206.46, 20022.83, 19909.38, 19796.06

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.}