Rocket Equities & Options Report By Tommy O’Brien Mar 23, 2023   It’s Fed day, and while the banking crisis looks to be somewhat contained, at least from the outside looking in (No one really knows yet whether it is actually contained), inflation is still present and will be front and center today when the chairman speaks at 2:30pm ET after the rate decision at 2pm. We are going short this market. We are right back to the .618 retracement of the entire move lower in the ES Futures from the Feb 14th high. We are buying an SPY...

Rocket031323   Rocket Equities & Options Report By Tommy O’Brien Mar 13, 2023   Last week’s letter talked about an AB = CD that could bring the market down to about 3,825. When I sent out the update last week we were at about 4,020, and we almost made it in the next 3 days, reaching a low of 3,846 last week. The pain does not look to be over this morning as markets are lower even after the Fed and Treasury responded as powerfully as possibly last night by guaranteeing all deposits and creating a special vehicle for banks...

Rocket030723   Rocket Equities & Options Report By Tommy O’Brien Mar 7, 2023   Powell’s speech is out, and markets are reacting to higher than expected rates coming down the line. The ES is on its way to 3,825, which would complete an AB = CD, as well as bring it back to the lows as we came into the new year, and right at the .618 of the prior move higher in the markets. On a daily chart you can see that this 3,825 area is also the .618 from the acceleration higher in the market since the October...

  Rocket Equities & Options Report By Tommy O’Brien Feb 21, 2023   In last Monday's letter, I talked about the market looking toppy at about the 4,140 price area. It made it all the way up to a spike of 4,186 a week ago, and then the collapse really began to take hold Thursday afternoon at about the 4,140 price area. I would have shorted markets again this morning if we hadn’t open down about 1.25%. We will get moves in both ways in this market, as we move to lower price over the next 3 months.  The SPY just...

Rocket012323   Rocket Equities & Options Report By Tommy O’Brien Feb 13th, 2023   The markets are trading higher into the CPI data tomorrow morning. We are at some critical areas technically in the indices. Markets look toppy at the 4,140 area, yet we have said that before. We will see how CPI comes in tomorrow, and how markets react. I will have an update out later this week.   Lots of companies still reporting this week, on our radar: Tuesday before the open: KO Tuesday after the close: ABNB Wednesday after the close: SHOP Thursday after the close: AMAT,...