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Friday, June 26, 2020

CCL - Carnival Stock to Pop

Carnival stock may see strength into July.  It is one of the last reopening trades left. 

The reopening trade in SPX has already taken it's course, that optimism shifted into Oil, and now in the last phase speculative stock such as Carnival. 

The stock is trading near orange channel support. 

Daily

139 comments:

  1. Chesapeake goes under. GUSH may be worth a look too. Big head shoulders pattern. Left shoulder and head are done. Right shoulder next. Neckline around $27.

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  2. Are you saying oil is headed up? I’m not sure what you are saying that is going to reach $27?

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    1. Oil is high but may see a bounce into July.

      GUSH has a pattern. Could be interesting entry around $27.

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  3. https://robintrack.net/symbol/CCL

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  4. Strong rally coming in my opinion

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  5. SC.. do you still see a drop to 2900 ?

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  6. so now your seeing a move up to 3400?

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    Replies
    1. Currently the market is shuffling sideways, but with time higher prices do look likely.

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  7. Sc do you think the March lows will be visited before the end of the year ?

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  8. Is DRIP (Bear side of GUSH) worth a look?

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    1. DRIP performs best when both Oil and SPX are in decline.

      We've seen a little of that recently but I don't think we have a trend yet.

      DRIP could be ready later in the summer.

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  9. HeyLouis,

    What changed your mind

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    1. Nothing changed my mind shorting from 37 average on uvxy was a smart trade

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  10. Yes it was,and good for you.Just curious because you thought a big rally was coming

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    Replies
    1. Yes I thouggt we would gap up again
      Thus morning I just feel its a trading market buy dips short pops

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  11. Thanks for your quick response.

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    Replies
    1. I mostly trade tqqq uvxy vxx
      I short and go long these instruments

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  12. Agree Louis. Today is a good day to take profit. Month end. Holiday is coming up.

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  13. Sc u still expecting 3209 in july

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  14. Sc can u tell us what you expecting in july. Chopping and higher

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  15. Replies
    1. I noticed CCL is struggling today to surpass yesterday's high. This is even with SPX up strongly today. Therefore, take profits.

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  16. THANKS SC. will wait for your review

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  17. Market looks like a big drop comming thats my opinion

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  18. Happy Canada Day!!!
    https://www.youtube.com/watch?v=37nGeXn2K9c

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    Replies
    1. Excellent Dennis! Happy Canada Day to all our fine Canadian friends!!

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  19. SC, what's the turn date after 7/6? is it close together?

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    Replies
    1. July 10th.

      The next 3 weeks looks very choppy. Turn dates clustered close together. Then it clears on July 24th.

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  20. Sc in choppy markets vix and vix products collapse

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  21. Sc your target of svxy hit today 32.6

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  22. UVXY $25 to $28 looks good for $36.

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    Replies
    1. so ready to go $36 now or drop a bit lower first?

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  23. Turn due Monday July 6th.

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  24. Sc it is fading today so may be pull back Monday and then up

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  25. What are you basing your timing cycle off of? Are you using Fourier analysis or Hurst cycles?

    I think we head down to 2750 by the 15th.

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    1. The market is rhyming with a prior period that I use. It has to do with an analysis I do with periods of consolidation that are followed then by breakdown or breakup.

      In January I was quite sure that the consolidation period from 2018 would lead to a breakdown.

      The dates have been following for about 3 years now.

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    2. you're able to get exact dates from data from the prior 3 years? That's pretty remarkable.

      Is there a name for this method or a book or site I can learn from? Thanks

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  26. Replies
    1. Im celebrating with a Juicy Lucy God Bless America

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  27. Sc just want to know if market will go vCk to 2000 and when

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  28. Why does this site go silent every time there is big market movements?

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  29. Louis. Let us know what u thinking about spx

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  30. Bought uvxy today at around $29. Thanks for the discussions guys, really appreciate everyone's approach.

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  31. Just remember this is a blog and there's no guarantees on the site The best thing to do in my opinion is to scale into it

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  32. O.K. Louie I have a question.With Trump giving out handouts and bailouts.The fed buying everything.A new trillion dollar stimulus package.Young adults taking there stimulus cheques and buying robinhood stocks.How is this market going down in the near future?

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    Replies
    1. I dont buy stock on rumors
      I i certainly don't care what people are doing on robinhood
      You know what they say when the mail man is telling you about a stock you know something's wrong

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  33. Sorry Louis type o on your name.Meant no disrespect.

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  34. Louis what do you think 3300 or so will be hit before going down.

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  35. Sure it could happen I think short term projections In my opinion have been met you could see 3224 like some people ard saying

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  36. But rumors and vaccine and pharma cures are what's moving these markets.Doesn't matter if it's true or not.Notice every time there is a hint of a downside.They come up with some more bs.

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    1. You need to take your emotions out of the market Wait for a big drop in UV XY and by it we for big pop and short

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  37. Louis whats your target for uvxy

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  38. August should drop to at least 2700
    Get your seatbelt on

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  39. louis what u expecting roadmap for spx or uvxyfor july aug sept

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    1. These are just estimates I'm thinking 2920 to 3000 range in July
      Uvxy 36 to 37
      Then 2700 to 2600 in August uvxy 50 plus if that happens

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  40. We won't be dropping until at least the earnings start to come in.Too much fed printing.They want to own everything.I think the 3224 or 3300 is inplay like you said earlier

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    Replies
    1. Yes monthly candles show that
      However we should see a drop
      We might see new highs going into election that could happen
      Thats why you have to trade then a massive sharp reversal will occur

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  41. In addition the chinese are selling news about fiscal stimulus and the start of a healthy bull market.Remember buy the rumor and sell the news.This will boost the us markets for a while longer.Just my thoughts not advise.

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  42. Chinese gap up today was ridiculous. Eyeing a China short. YANG

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  43. SC

    The next turn date is July 15

    Please confirm?

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  44. I believe SC said the 10th, then the 15th, then the 24th

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  45. I'm expecting 3214 in spx to 3220

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  46. Hey LOUIS

    DO YOU EVER PLAY sqqq

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  47. Can anything stop the nasdaq

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  48. I will buy uvxy again just waiting for a lower print

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  49. @Louis

    I've been going with the swing and just slowly buying the uvxy down if it drops.

    The way i see it even if it falls a bit further, i'll average cost the position down so i don't miss the spike up.

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  50. but when you have 10000 shares a profit is a profit

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  51. Bought CCL $15.00. Target $25.

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    Replies
    1. "Cruise companies hire Dr. Scott Gottlieb, other coronavirus experts to help overcome ‘rough patch’"

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    2. "The two cruise companies created a joint panel of former public health officials and top epidemiologists to advise the companies on how to safely return to operations, they announced Monday"

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  52. He will be dead by September...

    "Brazilian President Jair Bolsonaro tested positive for the coronavirus."

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    1. Not to disparage the dead however...let us see whether Bolsonaro in his darkest days chooses to acknowledge what is best for the countrymen of Brazil or instead continues to protect the errs in his mind through the end....

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    2. Sorry, SC. Bolsanaro is protecting Brazil from a Marxist takeover. He's the good guy - flawed, yes - but still the good guy compared to the alternatives.

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    3. It wasn't a comment on politics.

      Bolsonaro didn't respect the virus. This is the moment, the recognition, that actions have consequences.

      Ironically a victim of his own ineptitude.

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  53. louis what you expecting now, spx 3220

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  54. Good for you Louis.Unfortunately us little guys have to take more risks we don't have the shares you have.Like your posts and credibility, and post when you trade not after the fact.

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  55. we should fill the gap up to 3200 i was thinking 3224

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  56. Louis why short gdx . Is it making div high. Lot saying breaking out etc

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    Replies
    1. Lol I just shorted more at 38.90

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    2. if US breaks Hong Kong US dollar peg...gold will crash...

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  57. gdx will get pounded with the market looking for 32 by end of month no guarantees thou.

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  58. Hey Louis,

    An article in marketwatch,says currency traders doubt this will happen.Though you never with Trump.

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  59. Yes I do.Just don't thing the U.S. will break the Hong Kong dollar peg.The article says this will not hurt China if that's Trumps intention.

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  60. top this weak plan on going long uvxy

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  61. Agreed.Selling upro late tomorrow

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