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
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
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
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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.
ReplyDeleteAre you saying oil is headed up? I’m not sure what you are saying that is going to reach $27?
ReplyDeleteOil is high but may see a bounce into July.
DeleteGUSH has a pattern. Could be interesting entry around $27.
https://robintrack.net/symbol/CCL
ReplyDeleteStrong rally coming in my opinion
ReplyDeleteSC.. do you still see a drop to 2900 ?
ReplyDeleteYes in August
Deleteso now your seeing a move up to 3400?
ReplyDeleteCurrently the market is shuffling sideways, but with time higher prices do look likely.
DeleteSc do you think the March lows will be visited before the end of the year ?
ReplyDeleteI have something much bigger in mind...
DeleteI like the sound of that SC
DeleteIs DRIP (Bear side of GUSH) worth a look?
ReplyDeleteDRIP performs best when both Oil and SPX are in decline.
DeleteWe'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.
Covered short on uvxy
ReplyDeletesold spxl
ReplyDeleteHeyLouis,
ReplyDeleteWhat changed your mind
Nothing changed my mind shorting from 37 average on uvxy was a smart trade
DeleteAnd spxl was also profitable
DeleteYes it was,and good for you.Just curious because you thought a big rally was coming
ReplyDeleteYes I thouggt we would gap up again
DeleteThus morning I just feel its a trading market buy dips short pops
Thanks for your quick response.
ReplyDeleteI mostly trade tqqq uvxy vxx
DeleteI short and go long these instruments
https://youtu.be/32uyzyndTa4
ReplyDeleteAgree Louis. Today is a good day to take profit. Month end. Holiday is coming up.
ReplyDeleteSold SVXY $31.40.
ReplyDeleteUVXY at the pink line now.
DeleteU taking a position on uvxy
DeleteNo, I'm going to wait
DeleteSc u still expecting 3209 in july
ReplyDeleteI'm going to review.
DeleteSc can u tell us what you expecting in july. Chopping and higher
ReplyDeleteAt the moment sideways trend.
DeleteSold CCL $16.70.
ReplyDeleteI noticed CCL is struggling today to surpass yesterday's high. This is even with SPX up strongly today. Therefore, take profits.
DeleteBest Quarter since 1987!
ReplyDeleteTulip Mania in stonks next?
DeleteTHANKS SC. will wait for your review
ReplyDeleteMarket looks like a big drop comming thats my opinion
ReplyDeleteHappy Canada Day!!!
ReplyDeletehttps://www.youtube.com/watch?v=37nGeXn2K9c
Excellent Dennis! Happy Canada Day to all our fine Canadian friends!!
DeleteSC, what's the turn date after 7/6? is it close together?
ReplyDeleteJuly 10th.
DeleteThe next 3 weeks looks very choppy. Turn dates clustered close together. Then it clears on July 24th.
Sc in choppy markets vix and vix products collapse
ReplyDeleteYes
DeleteBought uvxy 29.60
ReplyDeleteSc your target of svxy hit today 32.6
ReplyDeleteExcellent!
DeleteBought more uvxy at 28.73
ReplyDeleteUVXY $25 to $28 looks good for $36.
ReplyDeleteso ready to go $36 now or drop a bit lower first?
DeleteSc spx to 2900
ReplyDeleteNot so dramatic just yet.
DeleteWe're still in tight range.
DeleteTurn due Monday July 6th.
ReplyDeletedo you see for high or low?
DeleteSc it is fading today so may be pull back Monday and then up
ReplyDeleteWhat are you basing your timing cycle off of? Are you using Fourier analysis or Hurst cycles?
ReplyDeleteI think we head down to 2750 by the 15th.
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.
DeleteIn 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.
you're able to get exact dates from data from the prior 3 years? That's pretty remarkable.
DeleteIs there a name for this method or a book or site I can learn from? Thanks
Happy 4th of July!
ReplyDeleteIm celebrating with a Juicy Lucy God Bless America
DeleteHahaha....very nice!
DeleteSc just want to know if market will go vCk to 2000 and when
ReplyDeleteSpx 2000
ReplyDeleteI have something larger in mind...
DeleteWhy does this site go silent every time there is big market movements?
ReplyDeleteI'm not quiet ask me a question
DeleteI have seen that too
ReplyDeleteLouis. Let us know what u thinking about spx
ReplyDeleteI think by June 15 we will be close to 2900
DeleteJuly 15?
DeleteThanks louis
ReplyDeleteBought uvxy today at around $29. Thanks for the discussions guys, really appreciate everyone's approach.
ReplyDeleteJust 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
ReplyDeleteO.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?
ReplyDeleteI dont buy stock on rumors
DeleteI 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
Sorry Louis type o on your name.Meant no disrespect.
ReplyDeleteLouis what do you think 3300 or so will be hit before going down.
ReplyDeleteSure it could happen I think short term projections In my opinion have been met you could see 3224 like some people ard saying
ReplyDeleteBut 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.
ReplyDeleteYou 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
DeleteLouis whats your target for uvxy
ReplyDeleteShort or long term
DeleteAugust should drop to at least 2700
ReplyDeleteGet your seatbelt on
louis what u expecting roadmap for spx or uvxyfor july aug sept
ReplyDeleteThese are just estimates I'm thinking 2920 to 3000 range in July
DeleteUvxy 36 to 37
Then 2700 to 2600 in August uvxy 50 plus if that happens
Louis thanks
ReplyDeleteWe 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
ReplyDeleteYes monthly candles show that
DeleteHowever 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
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.
ReplyDeleteChinese gap up today was ridiculous. Eyeing a China short. YANG
ReplyDeleteSC
ReplyDeleteThe next turn date is July 15
Please confirm?
I believe SC said the 10th, then the 15th, then the 24th
ReplyDeleteThank you!
ReplyDeleteSold uvxy at 30.40
ReplyDeleteI'm expecting 3214 in spx to 3220
ReplyDeleteHey LOUIS
ReplyDeleteDO YOU EVER PLAY sqqq
yes
Deletebut I'd rather short tqqq they will probally reverse sqqq
DeleteCan anything stop the nasdaq
ReplyDeleteYes it will drop into the 8 to 13th
DeleteOf July
I will buy uvxy again just waiting for a lower print
ReplyDelete@Louis
ReplyDeleteI'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.
Thats OK 2
Deletebut when you have 10000 shares a profit is a profit
ReplyDeleteShorted gdx 37.70
ReplyDeleteBought CCL $15.00. Target $25.
ReplyDelete"Cruise companies hire Dr. Scott Gottlieb, other coronavirus experts to help overcome ‘rough patch’"
Delete"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"
DeleteHe will be dead by September...
ReplyDelete"Brazilian President Jair Bolsonaro tested positive for the coronavirus."
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....
DeleteSorry, 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.
DeleteFully agree unknown.
DeleteIt wasn't a comment on politics.
DeleteBolsonaro didn't respect the virus. This is the moment, the recognition, that actions have consequences.
Ironically a victim of his own ineptitude.
Bought tqqq at 109.70
ReplyDeletelouis what you expecting now, spx 3220
ReplyDeleteAround that
DeleteOk thNks
ReplyDeleteSold tqqq 111.20
ReplyDeleteGood 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.
ReplyDeletebought tqqq at 109
Deletesold tqqq110.50
DeleteLouis,
ReplyDeleteYour the man.
im also trading spxl and upro aswell
Deletewe should fill the gap up to 3200 i was thinking 3224
ReplyDeleteI'm in upro
ReplyDeleteLouis why short gdx . Is it making div high. Lot saying breaking out etc
ReplyDeleteLol I just shorted more at 38.90
Deleteif US breaks Hong Kong US dollar peg...gold will crash...
DeleteI'm looking for a drop
ReplyDeleteOok thanks
ReplyDeletegdx will get pounded with the market looking for 32 by end of month no guarantees thou.
ReplyDeleteHey Louis,
ReplyDeleteAn article in marketwatch,says currency traders doubt this will happen.Though you never with Trump.
you dont think market
Deletewill fill gap t0 2950
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.
ReplyDeletetop this weak plan on going long uvxy
ReplyDeleteAgreed.Selling upro late tomorrow
ReplyDeleteCCL big gap up and breakout!
ReplyDeleteExpect 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"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."
ReplyDeleteTVIX delist July 12th.
ReplyDeleteThis, of course, coincides with the next turn date.
DeleteThis comment has been removed by the author.
Deletewhat's the turn date after July 10th?
DeleteJuly 16th
DeleteSc every one calling crash now. Do we go higher
ReplyDeleteYes, 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...
DeleteHi Louis. What do u expect now .
ReplyDelete3200 plus by monday
ReplyDeleteuvxy not confirming this drop
ReplyDeleteOk thanks
ReplyDeleteLouis, after 3200, what is your target for SP500 in July-August?
ReplyDeleteSC, do you think we will see vix in 60-70 this year?
ReplyDeleteBought GUSH $29.45.
ReplyDeleteNew chart posted!
ReplyDelete