Tim Knight joins Jermal Chandler and Mike Butler with the short side of his book front and center. He walks the long term patterns in Carnival and Royal Caribbean, both breaking down from a top that has been building since last June, and says the mass consumer names are the soft spot going into the Fed decision. He also comes back to semiconductors after weeks of chop, adding individual chip and storage names alongside his SMH position. Plus gold and silver with no firm conviction on how far they fall, and crude pressing toward multi month highs. All market views are Tim's own. Education, not a recommendation. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 Why the cruise lines look weak 00:35 Carnival and Royal Caribbean charts 01:37 Bitcoin rallied and made no sense 03:34 Fed decision is 28 hours out 04:00 How far gold and silver could fall 06:20 Crude approaching multi month highs 07:48 Warming back up to semiconductors 08:23 Individual chip and storage names 10:04 Index and crypto check #tastylive #optionstrading #timknight #cruisestocks #semiconductors #crudeoil #gold #federalreserve #technicalanalysis #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.