Newsletter 12/06/2024

Newsletter 12/06/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
December 06, 2024

Quote of the Day: "When you resist doing what you know needs done, it is difficult. Find a mental way to enjoy it, and just do it, and it is easy." -Joe Vitale

Notes: Employment numbers came out strong which suggest that inflationary pressures remain high. While J. Powell might still opt for a rate cut in December, he very well may pause for the next 3-4 months. This would be “bearish” for the market, which has been relying / pricing expectations of continued rate cuts into 2025.

SPY Levels: Market in the same spot as yesterday - be safe. Liquidity creation for next larger move.

No interest zone: 606.8 - 607.91

Above Targets: First target is 608.50 Second target is 609.1 Third target is 609.9 Reach Target is 611.4

Below Targets: First target is 606.45 second target is 606.01 third target is 605.3 Reach Target is 603.69

AMZN LEVELS:

No interest zone: 220.75 - 222.60

Above Targets: First target is 222.95 second target is 223.40 third target is 224.7 Reach Target is 226.2

Below Targets: First target is 219.71 second target is 218.89 third target is 218.37 Reach Target is 216.05


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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.