Pages

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

156 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.

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

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

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

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

    ReplyDelete
  4. SC.. do you still see a drop to 2900 ?

    ReplyDelete
  5. so now your seeing a move up to 3400?

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

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

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

    ReplyDelete
    Replies
    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.

      Delete
  8. HeyLouis,

    What changed your mind

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

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

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

      Delete
  10. Thanks for your quick response.

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

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

    ReplyDelete
  12. Sc u still expecting 3209 in july

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

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

      Delete
  15. THANKS SC. will wait for your review

    ReplyDelete
  16. Market looks like a big drop comming thats my opinion

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

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

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

    ReplyDelete
    Replies
    1. July 10th.

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

      Delete
  19. Sc in choppy markets vix and vix products collapse

    ReplyDelete
  20. Sc your target of svxy hit today 32.6

    ReplyDelete
  21. UVXY $25 to $28 looks good for $36.

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

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

    ReplyDelete
  23. 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.

    ReplyDelete
    Replies
    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.

      Delete
    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

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

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

    ReplyDelete
  26. Louis. Let us know what u thinking about spx

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

    ReplyDelete
  28. 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

    ReplyDelete
  29. 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?

    ReplyDelete
    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

      Delete
  30. Sorry Louis type o on your name.Meant no disrespect.

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

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

    ReplyDelete
  33. 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.

    ReplyDelete
    Replies
    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

      Delete
  34. Louis whats your target for uvxy

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

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

    ReplyDelete
    Replies
    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

      Delete
  37. 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

    ReplyDelete
    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

      Delete
  38. 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.

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

    ReplyDelete
  40. SC

    The next turn date is July 15

    Please confirm?

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

    ReplyDelete
  42. Hey LOUIS

    DO YOU EVER PLAY sqqq

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

    ReplyDelete
  44. @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.

    ReplyDelete
  45. but when you have 10000 shares a profit is a profit

    ReplyDelete
  46. Bought CCL $15.00. Target $25.

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

      Delete
    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"

      Delete
  47. He will be dead by September...

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

    ReplyDelete
    Replies
    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....

      Delete
    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.

      Delete
    3. Fully agree unknown.

      Delete
    4. 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.

      Delete
  48. louis what you expecting now, spx 3220

    ReplyDelete
  49. 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.

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

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

    ReplyDelete
    Replies
    1. Lol I just shorted more at 38.90

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

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

    ReplyDelete
  53. Hey Louis,

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

    ReplyDelete
  54. 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.

    ReplyDelete
  55. top this weak plan on going long uvxy

    ReplyDelete
  56. Agreed.Selling upro late tomorrow

    ReplyDelete
  57. CCL big gap up and breakout!

    ReplyDelete
  58. Expect a "V" type move up for CCL which means It'll take roughly the same time to rise as it came down. About 4 weeks to hit the $25 target.

    ReplyDelete
  59. "Carnival (CCL) — Shares of the cruise operator climbed more than 5% after the company’s German subsidiary, AIDA Cruises, said it will restart vacation trips in August."

    ReplyDelete
  60. Replies
    1. This, of course, coincides with the next turn date.

      Delete
    2. This comment has been removed by the author.

      Delete
    3. what's the turn date after July 10th?

      Delete
  61. Sc every one calling crash now. Do we go higher

    ReplyDelete
    Replies
    1. Yes, of course we are going higher. Notice strength in cruise ships. Higher low even with lower low in SPX. With strength in cruise ships leading up you know which direction we are heading...

      Delete
  62. Hi Louis. What do u expect now .

    ReplyDelete
  63. Louis, after 3200, what is your target for SP500 in July-August?

    ReplyDelete
  64. SC, do you think we will see vix in 60-70 this year?

    ReplyDelete