Newsletter 12/20/2024

Newsletter 12/20/2024 Sponsored by SpeedTrader

Author

Mitchell Hennessey
December 20, 2024

Quote of the Day: "You only go around once, but if you play your cards right, once is enough." - Frank Sinatra

From Newseltter 12/10/2024:

We are currently experiencing the “Gap and go headline”. Market has been pricing in huge cuts and the second that changed it became a sell the news event. Good News market still up like 20% this year. Bad news - we cut through about a month of slow drift in 1 session. I am not guessing where we are going but taking in all information. Once volume comes back I believe we will pick a trend for sometime. Conditions for trading are optimal imo.

SPY Levels:

No interest zone: 580.5 - 582.32

Above Targets: First target is 583.55 Second target is 585.13 Third target is 586.88 Reach Target is 589.43

Below Targets: First target is 579.46 second target is 578.74 third target is 577.89 Reach Target is 575.40

AMZN LEVELS: AMZN despite the pullback in the market AMZN has relative strength

No interest zone: 218.86 - 220.46

Above Targets: First target is 221.4 second target is 221.97 third target is 222.91 Reach Target is 224.89

Below Targets: First target is 218.01 second target is 217.43 third target is 216.5 Reach Target is 214.6


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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.