Newsletter 12/11/2024

Newsletter 12/11/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
December 11, 2024

Quote of the Day:"Injustice anywhere is a threat to justice everywhere." - Martin Luther King Jr

Notes: I think our biology makes us feel like we need to kill it towards the end of the year. Similar to a race, last 1/2 mile everyone goes all out. This is merely the next lap. Treat it as such. Gas pedal…. break. Need to know when to use both. We’ve had similar action to this before. What did you do then? IMO Sizing down, keeping the knife sharp until optimal action returns is most likely best way to go. I like to focus on small caps specifically when overall market is not corporating. Same principles apply there for me…

One of my trades from yesterday…. $SPY is not doing well but GXAI really clean yesterday.

SPY Levels:

No interest zone: 604.74 - 605.48

Above Targets: First target is 605.94 Second target is 606.54 Third target is 607.13 Reach Target is 608.66

Below Targets: First target is 604 second target is 603.2 third target is 601.78 Reach Target is 600.47

AMZN LEVELS: AMZN has been a monster…

No interest zone: 225.25 - 226.3

Above Targets: First target is 228.4 second target is 229.49 third target is 231.26 Reach Target is 233.4

Below Targets: First target is 225.25 second target is 224.39 third target is 223 Reach Target is 2221.43


SpeedTrader is a sponsor for the Newsletter!! As many of you know, I trade small caps. I've been focusing on small caps using SpeedTrader as my go-to brokerage for the past 8 months, especially for shorting stocks. TD, ETRADE etc. are so unreliable. My fills were also terrible. I would see the price LOWER and still have trouble getting filled. I use SpeedTrader because they have TRUE Direct Market Access, so I can execute my trades. Plus, their customer service is top-notch —always there when I need them.

Check out the promo rate and full details by clicking on the banner/logo above or any of the links. Remember, I can only share what I personally use SpeedTrader for—I can't offer their services or answer questions about them directly.

This trade below is from November. I am able to route through FAN, ARCA etc. using SpeedTrader to help me get the best execution price. The commission rate posted on the link above is $.0015 per share when using code HUGHHENNE. Be sure to read the web page and/or contact SpeedTrader for details.

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.