Newsletter 07/24/2024

Good Morning !

_{Quote of the day: KISS - Keep it simple, stupid. Tried to figure out who said this first and google which is now linked to AI (?!) said that it was originally coined in the NAVY during the 1960s. So there ya go - I wanted that quote to be in the back of our mind as I figured I would share my SPY setup from yesterday.}

There are a ton of gamblers in the market - I am NOT one of them.

If you guys like these let me know on Twitter and we can do more or well just keep it to levels

This is a setup repeated time and time again. Any of you who were in Sandlers league room or any room i have been apart of will know this well.

Below SPY with levels from yesterday… We have that double top which is near the top of our no interest. You can see the action is extremely controlled while creating the double top. THIS IS KEY… You can see it hit top and red, red, red, red… hits bottom then it is green, green, green… hits top and again red, red, red.

To add to that we also have 550 the big level - psychology when we are at 556 and the market is down big on the week buyers will wait for that level. Remember market follows the simplest of economic principles: Supply and Demand. This setup has defined risk (right over the double top) and it is incredibly powerful when you can add in big levels (550), especially when it aligns with our levels it is Chefs Kiss. This setup is repeatable time and time again. ( AMZN YESTERDAY, PLTR July 19th, NVDA 07/22) etc.

SPY Levels:

No interest zone: 548.13 - 549.21

Above Targets: First target is 549.99, second target is 550.79. third target is 551.68 then 552.72 Reach Target is 553.79

Below Targets: 547.51 is the first target. Second target is 546.89. Third target is 546.1 then 545.32 reach target is 544.15

AMZN Levels: This has been great prob my go to if market keeps getting nuked

No interest: 183.48 - 184.78

Above targets: 185.45, 186.52, 187.18, 188.55

Below Targets: 183.01, 182.44, 180.57, 179.64

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.}