Newsletter 10/16/2024

_{Quote of the Day:} “The things you are passionate about are not random, they are your calling.”

―Fabienne Fredrickson

WORD OF CAUTION:

$DRUG went absolutely NUCLEAR yesterday…. It actually hit 59.82 after hours (yellow line). It traded 1.3 BILLION DOLLARS. That is absolutely wild. Word of caution this will cause people to come back to the market. We are already seeing it with ATNF (1.36 to 11.39 THIS MORNING), VS, BDRX, STEC etc all up multi 100%. Yes - if you could just NAIL ONE YOU WOULD BE SET. But remember people think this is a black swan and that nothing like this will ever happen again… But it has - how quickly people forget KODK (DRUG and KODK both went 2 to 60) it is literally the same exact move…. I suspect today will be a chase the shiny penny type day. Yes a few will go absolutely nuclear ATNF already has but when there is mania like this and everyone is chasing the shiny penny what ends up happening to the rest? They usually deflate. Dont get caught shorting the nuclear ones and dont get left holding the bag on the ones tht deflate. 99% of these companies will not exist in 20 years - hold that mindset if ur thinking “THIS IS GOING TO BE THE NEXT AMAZON” - look into the filings most have never had a single cent of revenue let alone profit. On the flip side if you are wanting to short these into the ground then your thinking needs to be “during the time mitch has typed this out ATNF has once again doubled and that would bankrupt me”.

BE CAREFUL!

SPY LEVELS: To answer the low volume question yesterday you saw it first hand… what drifts higher on low volume is like a hot butter through knife coming down

No interest zone: 579.71 - 580.99

Above Targets: First target is 582.62 second target is 583.51 third target is 585 Reach Target is 588.6

Below Targets: First target is 578.91 second target is 577.65 third target is 576.73 Reach Target is 573.81

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.}