SC, I was ready to short before the close yesterday when you commented that, since the turn dates were so close together (7/24&7/26) that there would probably be chop. Until then I had not thought of that; unfortunately I agreed and sat on my hands. Tough to pull defeat from the jaws of victory.
Reasoning for the trade is simple. Just about everything has reopened except cruise ships. Not that I am a fan of this industry at all. They say cruises opening in September. CCL trading at 50dma currently. It looks to be forming a low now or soon and expect the recent high of $25 to be retested.
Ok thanks. So the top can be after July 6th. Just want to be clear. There were lot of black pool buys in puts july 13. Spy. And july 21 vix calls. Don't know what it means
Chart starts to look like an Electrocardiogram EKG.
ReplyDeleteDo you see anything interesting with btc? A lot of alt coins started giving nice 300% gains since two months ago but got quieter this and last week.
ReplyDeleteBitcoin has been quiet but yes I'll take a look.
DeleteSc 24th was turn date ? We are coming down
ReplyDeleteYes turn date today.
DeleteMaybe 37 before 28
ReplyDeleteshorted uvxy just for a trade
ReplyDelete36.30
Sc what your thoughts on today
ReplyDeleteIt still looks ok.
DeleteSC, I was ready to short before the close yesterday when you commented that, since the turn dates were so close together (7/24&7/26) that there would probably be chop. Until then I had not thought of that; unfortunately I agreed and sat on my hands. Tough to pull defeat from the jaws of victory.
ReplyDeleteYes, we did see some action on the turn date. Let's see though.
DeleteShorted mre uvxy at 37.10
ReplyDelete2900 by Fri?
ReplyDeleteI'm thinking 3180 then 2900 next week
Deletehope I'm right
DeleteGetting close to the 4th, would be unusual to be down next week.
DeleteI know but we have seen alot of unusual things lets see if 3056
DeleteHolds
Shorted more at 39
ReplyDeleteBamm just like that
ReplyDeleteSvxy 30.16
ReplyDelete30.16 what do you mean you want to buy
DeleteI'm thinking top on 26th
ReplyDeleteI dont want to buy. When I posted it was 30.16. Sc still looking 32.79
ReplyDelete30 here we come on uvxy
ReplyDeleteSmash this turd
ReplyDeletebynd getting smashed
ReplyDeleteGood day! SC, 26th looks to be important cluster (CIT) as well. Do you have this date in your work? Is it likely a high? Thank you.
ReplyDeleteYes, next turn date is tomorrow the 26th.
DeleteBought stake in Carnival cruiseships CCL at $15.80.
ReplyDeleteReasoning for the trade is simple. Just about everything has reopened except cruise ships. Not that I am a fan of this industry at all. They say cruises opening in September. CCL trading at 50dma currently. It looks to be forming a low now or soon and expect the recent high of $25 to be retested.
DeleteGood choice looks like a reversal
ReplyDeleteShort term only. Look to exit in July. Robinhood may float this boat.
DeleteI see what you did there
DeleteSc what it means. Expecting high tomorrow
ReplyDeleteSc today is turn date. We are down into it. What next turn date. Is it next week
ReplyDeleteJuly 6th. There's 5 turn dates in July.
DeleteIn general expect rising market into July. In July we will be ready for larger selloff into August/September.
ReplyDeleteOk thanks. So the top can be after July 6th. Just want to be clear. There were lot of black pool buys in puts july 13. Spy. And july 21 vix calls. Don't know what it means
ReplyDeleteLooks like turn dates were lows?
ReplyDeleteWe might see 3008 then 3200
If 5 turn dates in July that will be treacherous
ReplyDeleteI say buy the dip bought some spxl
ReplyDeleteAnd upro
Yes, it might be choppy SPX for a week but 3 or 4 weeks from now expect we can be higher as shown on the SPX chart. Blue resistance is at 3,350.
DeleteSc u don't think 300 will be broken.
ReplyDeleteThis selling looks shallow. Weaker later in the summer and Fall.
DeleteNew chart posted!
ReplyDeleteER's start the 13th.....be prepared......
ReplyDelete