Russia and China have now traded in dollars under 50%, the lowest ever, 4 years ago it was 90% of all interbanking, trade, money exchange etc. They are following thru on their desire to end the dollar hegemoney....plus it will be easier for them to launder without the eyes of regulators behind the dollar
"And yet, people are still booking cruises, something that Norwegian Cruise Line CEO Frank Del Rio is both surprised and encouraged by.
“If you had told me that we were going to be facing these set of circumstances, and your question is, ‘Frank, would you be taking any bookings?’ I would have laughed at you. I’ll say, ‘Of course, not, who would book? It’s crazy,'” Del Rio said in response to a question on the company’s second quarter earnings call on Thursday. “But people are booking. People are confident that we’re going to come back."
If you want a short, check out FSLY. It had a huge run recently, but they announced that most of their business comes from TikTok and Trump said he was going to ban TikTok. However, you shouldn't hold the position overnight, as MSFT has expressed interest in buying TikTok.
CCL low is likely in place now and we have a strong reversal.
ReplyDeleteWe have a good sense of timing with the next high due in late September or Early October.
So u expecting high in spx at that time
ReplyDeleteYes exactly!
DeleteSPX continues to grind up steadily towards the blue line. I haven't been interested shorting SPX or volatility.
ReplyDeleteLet the reopening finish.
The bears will have better luck once the schools reopen.
SC... do you see us going below 3000 spx at any point this year?
DeleteThis comment has been removed by the author.
DeleteSc You make it sound like we can't have a 100 point drop on SPX that could clearly happen
DeleteSure, SPX will have a bad day here and there
DeleteSami, fresh high SPX 3400'S
DeleteSo no going below 3000 spx this year?
DeleteSami, let's give this time to finish the rally. This can typically burn a lot of time. Then we can talk about the downside target and timing.
DeleteCarnival hot trade!
ReplyDeleteShorted more tqqq at 126.93
ReplyDeleteThen the other trade I'm doing is China "Whack a Mole".
ReplyDeleteWhen it rallies I whack it down again lol
Julia CordovaSparkles @CordovaTrades 16m
ReplyDeleteI bought a lil UVXY today.
Here is some timing to watch:
ReplyDelete"U.S. and China set to review phase one trade deal in mid-August"
SC - previously you mentioned an August surprise - will this potentially be a cause for an SPX selloff?
DeleteWe'll have to wait and see on this because they haven't set the date yet. I'm sure we'll hear more soon...
DeleteSC, is the 17th still a turn date?
ReplyDeleteNext turn date August 7th
DeleteGot that, so the next turn is not until Sep 21st?
DeleteSeptember 15th and the 21st more interesting dates in October.
DeleteOk, thanks, I have been thinking over 3700 in Oct as a top.
Deleteyea 4700 then 6700 lol you guys are to funny
DeleteNo, 3700 then 1000, THEN 6700
DeleteLol
DeleteRobinhood has been holding on for dear life.
ReplyDeletehttps://robintrack.net/symbol/CCL
Bought uvxy at 2294
ReplyDelete100 point spx drop is coming shortterm
ReplyDeleteI think you are correct Louis, I plan on getting a little down side action tomorrow, before the turn date, if it is still holding up.
DeleteGold sell?
ReplyDeleteonly if you want to play swings now, gold is going to 2689.....3500 in 2 years....I have been mentioning it here since 1150..
Deleteshorted more gdx st 45
DeleteRussia and China have now traded in dollars under 50%, the lowest ever, 4 years ago it was 90% of all interbanking, trade, money exchange etc. They are following thru on their desire to end the dollar hegemoney....plus it will be easier for them to launder without the eyes of regulators behind the dollar
DeleteBought more uvxy at close. Will see how the next couple of days shape up. Will add more if goes down. I expect a retrace soon.
ReplyDeleteUS Cruise operators (including Carnival)have agreed to postpone resumption of cruises until October 31st.
ReplyDeleteVery nice thank you! Timing confluence with the Election. Hmmmmm
DeleteShorted more tqqq 128
ReplyDeleteEverything is starting to go up parabolic....
ReplyDeleteShorted more tqqq 130.80
DeleteJulia CordovaSparkles @CordovaTrades 6m
ReplyDeleteabout to go nuclear short. nice knowing everyone.
SC, what are your thoughts on UVXY with the turn date tomorrow?
ReplyDeleteI'm still waiting
DeleteShorting SPX 3350 - let's see if it pulls back now like SC's chart from June!
ReplyDeleteIt is getting close to the blue SPX. It may overthrow a little just like it undercut in March.
DeleteBookings coming in guys!!!
ReplyDelete"And yet, people are still booking cruises, something that Norwegian Cruise Line CEO Frank Del Rio is both surprised and encouraged by.
“If you had told me that we were going to be facing these set of circumstances, and your question is, ‘Frank, would you be taking any bookings?’ I would have laughed at you. I’ll say, ‘Of course, not, who would book? It’s crazy,'” Del Rio said in response to a question on the company’s second quarter earnings call on Thursday. “But people are booking. People are confident that we’re going to come back."
I hate cruises never been on them never will So in a probly go to 50 when everything goes back to normal just right after the election
ReplyDeleteI'm not a cruiser either lol
DeleteCCL just fits really well with a model I use
DeleteIm looking for 115 or lower on tqqq
ReplyDeleteChina whacked today!
ReplyDeleteSCAugust 5, 2020 at 8:17 AM
"Then the other trade I'm doing is China "Whack a Mole".
When it rallies I whack it down again lol"
This comment has been removed by the author.
ReplyDeleteIf you want a short, check out FSLY. It had a huge run recently, but they announced that most of their business comes from TikTok and Trump said he was going to ban TikTok. However, you shouldn't hold the position overnight, as MSFT has expressed interest in buying TikTok.
ReplyDeleteI'll throw a bone to the bears.
ReplyDeleteMy suggestion is to wait until after school. SPX will drop just as fast as it did in March.
Nice, it would be great to catch it this time
DeleteYes!!! Most definitely!!
Deleteyou mean after school starts
DeleteYes
DeleteWhat day is that?
ReplyDeleteAfter schools open in September I plan to short heavily frontrunning the November US Election.
ReplyDeleteThe crater will look like Beirut.
8 september?
DeleteWill post volatility chart. It does spectacular big picture.
ReplyDeleteAnd the target for sp500?, I expect around 1800-2000
DeleteNovember december
DeleteSC, do you still see a surprise big drop in SPX in August? or just a grind up into a major September High now?
ReplyDeleteThe August surprise is to the upside.
DeleteAny thought on Nasdaq
ReplyDelete