
Rocket Equities and Options Report 05-01-24
The Fed comes out with their decision at 2pm ET today, with a press conference to follow at 2:30pm ET.
Markets look dicey at these levels, as we all adjust to the idea of rates are higher for longer. One of the most remarkable aspects of this market is how well Gold has held up even as rates have pushed higher and the dollar has strengthened.
The Yen is at some of the weakest levels the market has seen in 35 years, and looks like it has no ability to strengthen against the dollar, even with Japan trying to intervene.
We got stopped out of our TSLA short at $22.10. We may short this equity again as I think it is a ticking time bomb for eventual lower prices, but you always have to have stops, especially with a volatile stock like TSLA, as we saw in the last week.
Stay tuned for updates!
Long 1/2 position in DIS at $98.75. We will look to add to this position in the future. DIS is trading at $110.80.
Got stopped out of TSLS at $22.10 for a $4.45 or 16.76% loss.










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