Tesla looking weaker by the hours. I might have to bail on those long calls if we don't recover soon. As CPI and Jpowell can delivered a double whammy and down we go.
Based on my 2 months experiencing doing both long and short - selling is the only ways to go for consistent incomes. Going long might delivered more immediate massive gains but risk are too high and the burns are too deep. Got to be a smarter doggy if want more then dry dog food.
My baseline expectation for tomorrow, based on commentary I trust, is hawkish SEP, dovish JPow, so I'm expecting the market to rally on his presser, but risk-off going into it. But I've skewed a bit bullish the past few weeks to no avail.
EDIT: I'm also already thinking ahead a bit to the 2024 election, and what a potential GOP trifecta would mean for Tesla's margins - I do not expect the IRA to survive such an outcome, but Elon's recent political gambit may pay dividends there...though I digress.