Wild day, really clear read out there and my goodness, Cruise lines roared today off scan last night. Names I figured would have some of the BIGGEST rebounds going into the Panic and sure enough, monster days with more to come over next few months. You have to remember, this was one of the fastest growing industries out there so I still think they are cheap in the long run. My sentiment is that life returns to normal in 6 months or so. Market may be ahead of itself but then again FED is doing everything in the arsenal to keep it going higher. Here is my list for tomorrow.
NCLH – Shewww into the $18s after hours. Mentioned the daily chart was a perfect (and something I always look for) bottom chart. This can probably test $22 tomorrow but my bias is getting short ONLY at the right moment on all of these names. $20+ will be a 100% move in 4 days so you know there will be profit takers and that is the trade idea.
CCL – Similar plan over $20-22
RCL – Maybe into $60s tomorrow but more than likely $56-58 area for the short.
UAVS – I would like my sub .75s back please lol. Wild wild move and missed it on the $1 breakout. Didn’t think this theme would hold so strong but here we are. Ideally short over $3.60s tomorrow.
VISL – Took some for a gapper on UAVS sympathy. If .40s can clear could get some wild and fast action. UAVS is head of the snake however so be aware that if it fails this will as well.
TAKOF – If the drone names keep going this is the only other one I found out there. $.50 breakout trade only for me
RIOT – Sized in today near the highs and took the loss on it. Pretty confused by the move but then again, NO one but me is looking at Bitcoin sympathy names right now so will be hawking this for a week or more.
AGNPF – Halted mid day due to positive Covid news. Will see how it opens but love the chart setup for potential ramps over .40
CAN – Keeping on radar. The 5.07s is the current level I care about. Two 100k sellers at 4.99 and 5.06 for now.
Thanks brother
Thanks Cody!
Thanks, Cody
Thanks Cody
Thanks for your thesis on the travel industry and the long set ups you always offer.
Cody I always appreciate your watchlists. I have a question – Nate always says “look left” and I’m making that a habit. In the case of UAVS where you’ve targeted a key level of $3.60’s, looking left seems to provide no value. Today’s high was $2.69 and it looks like key resistance is about $2.43 although it’s above that after hours (not sure how relevant that is either?). Can you help me understand where you’re looking at something charting new ground how you come up with a thesis on where the next key level up is?
OK I expanded my range and I can see where back about a year ago it seemed to break support at $3.50-$3.70. Is that what you’re using as a reference?
Thanks