Man, March drawing to a close. What an insane move we have had so far and probably not done yet. This market is just nonstop go go go and to be honest really mentally taxing. Hopefully we start seeing some good news soon as the the negative flow is honestly depressing. Either way, hopefully everyone is trading great out there and is ready to go tomorrow. Looks like market is gapping up after hours but who really knows where we will be by the open lol. Here is my list for tomorrow.
RCL – $30 is a big level here. Ideally Gap over and retest that $30 level for the long.
CCL – Decent gap up after hours and JP Morgan financing news may keep this from going BK. Possible $15 ramp if market bounces tomorrow.
NCLH – Thinking if we can break and hold the 11 range here might get a good bounce. These names are all finally on hold (set 30 days of no cruises) and may have found short term bottom.
ZM – $175 shove for the short.
KO – It tried to bounce today but might want that $35 washout before we get anything of a meaningful bounce.
ECL – Name that finally got smoked. No one to really clean up things when there are no guests in hotel rooms (huge part of biz). Maybe $100 flush out.
God stuff. We’ll see how cruise names react ( if at all) to CNBC story on virus staying active for up to 17 days versus financing news. Crazy times…
Thanks