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- Newsletter 09/06/2024
Quote of the day: "Only a man who knows what it is like to be defeated can reach down to the bottom of his soul and come up with the extra ounce of power it takes to win when the match is even.” -Muhammad Ali
I forgot to take a screenshot with the arrows but this was the trade on that second sell sequence I mentioned.
SPY Trades
The difference between most traders and myself is that ideally 6.5 times out of 10, when this happens, it is followed by this, and my risk-reward ratio is 2:1. The data behind the strategy is the edge. SPY is back to where it was yesterday morning and still within the set range from the past two weeks. My hunch is that we may be creating large liquidity to disperse post-September Fed meeting, especially since a first rate cut is expected. I will continue to read and think on it, but that is the current hunch.
SPY continues to be pinned….. be careful.
SPY LEVELS:
No interest zone: 549.97 - 550.94
Above Targets: First target is 552.36 second target is 553.77 third target is 554.65 Reach Target is 556.5
Below Targets: First target is 548.86 second target is 547.31. third target is 546.49 Reach Target is 544.15
Data Breach: Multiple sources have released notes suggesting that you place a freeze on your credit to ensure your safety if your information was part of the National Data Breach.
In the United States, contact each of the credit bureaus if you wish to put a freeze in place or lift a freeze:
Equifax: 888.298.0045
Experian: 888.397.3742
TransUnion: 800.916.8800
Innovis: 866.712.4546
Source: JPMorgan Chase & Co.
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.