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Tim Knight Is Short Both Cruise Lines Going Into the Fed Decision

NowPress play to follow along0:00 / 11:01
Chapters6 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Carnival and Royal Caribbean stock analysis

  • Carnival down 1 and 1/3%
  • Long-term patterns interesting
  • Distribution top since June
  • CCL better looking now
  • Cruise industry hit by COVID
1:54BTC· ticker

Bitcoin rally and Clarity Act impact

  • Bitcoin rallied yesterday
  • Gold and silver fell
  • Clarity Act positive for crypto
  • Bitcoin down to $3,140
  • Senator Lummis pushing Clarity Act
3:38Gold· ticker

Gold and silver price decline

  • Gold down $33
  • Gold could fall to 4,200
  • Silver fell further
  • Uncertain about further decline
  • Gold and silver may follow stocks
5:30Crude· ticker

Crude oil and gas futures rally

  • Crude up 2 and 1/2 3%
  • Market rallied on Trump Iran comment
  • Market reacts to headlines
  • Crude approaching multi-month highs
  • Crude could reach 120, 130
7:38SMH· ticker

Semiconductor and storage stocks

  • Re-shorted SMH late last week
  • SMH puts up 25%
  • Individual semiconductors look good
  • New price gap established stop-loss
  • Storage stocks SNDK and WDC moving lower
9:45ES· ticker

E-minis and market indices

  • E-minis S&P down 40
  • Nasdaq down 167
  • Russell 2000 and Dow down almost 1%
  • Markets selling off
  • Bitcoin down over 3,000 points

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