The casino stocks made some great moves today. I will be watching for continued strength tomorrow, let’s take a look at a few:
MGM MIRAGE (MGM: 12.30 +8.08%)
Las Vegas Sands Corp. (LVS: 20.06 +7.33%)
Wynn Resorts, Limited (WYNN: 73.63 +4.48%)
Melco Crown Entertainment Ltd (MPEL: 4.85 +8.50%)
Here are the top rated casinos based on The PPT Hybrid score: [...]
The last Fed meeting we saw a nice move in the brokers, so again, I’m watching E TRADE Financial Corporation (ETFC: 1.69 +1.81%) for a breakout.
Disclaimer: I’ve been long ETFC for a while, it’s like watching paint dry, but when it finally breaks to the upside it’ll have your momma saying BTFO.
Here are a few homebuilders to put on your radar:
The first is Beazer Homes USA, Inc. (BZH: 4.99 +5.50%) , who received some love from Citigroup. I love the chart as it is breaking out from a descending wedge, the 50 & 100 day are right underneath, which should provide pretty good support. I like [...]
We had a great finish in the Sweet Sixteen.
In the North, SC & Judge Smalls take the win.
In the south, Popimp & Mushrooms remain victorious.
In the West, mrKCbill will get to face Position trader.
And, in the East, we have a great match-up between JakeGint’s Cree, Inc. (CREE: 70.93 +1.76%) & KreppaNu’s SanDisk Corporation (SNDK: [...]
Here is one of my favorite technical setups, the high and tight bull flag.
Check out this beauty in Valmont Industries, Inc. (VMI: 82.54 -0.16%)
Normally, if the stock can break out of this flag pattern the stock has a high probability of exploding to the upside. I’m a buyer on strength for a trade.
We have [...]
Down to the sweet sixteen, and we have a tight one in the north between the two teams.
In the south, PoPimp, who beat me with his pick in WEMU, is looking to lock up another game as he has been on fire throughout the tournament. Mushrooms also looks to be finishing off another opponent with [...]
