StockBuz Chart Gallery

Admin

Gambling Index

Posted by StockBuz on December 16, 2014 at 5:52pm in Long Setups and Sectors

The Dow Jones Gambling Index is closing in on it's 200 week SMA (a/k/a 50 month SMA) which has previously been good support in this bull market.

Some names have been punished due to tightening in China which is affecting Macau revenue.  Still, if we are still in a bull market, this is a great place to buy a few Calls and see if big investors are thinking the same thing.  If it works, you can exercise, roll forward or take profits.  If it doesn't, you lose less due to using calls rather than common.

Full disclosure I have been long LVS since recommending here in 2012 (I bought the double bottom) and intend on adding to my core position.

Read More, Comment and Share......
Previous
Next
Tags: casinos, gambling stocks, casino stocks, lvs, las vegas sand stock
E-mail me when people leave their comments –
Follow

You need to be a member of StockBuz to add comments!

Join StockBuz

Pardon our dust as this page is undergoing a facelift.  Please report any difficulties you may experience during this phase.  Contact us

***********

You're welcome to add new charts and photos using the "Add" button found at the top/right.

  • Be certain to give each a TITLE
  • Select a category that best fits
  • Select more than one category by holding down the "CTRL" key when selecting the second or third category.
  • Add "tags" which best describe your chart so it can be located by search engines. (ex. Apple stock, AAPL, long trade)
  • Since we don't charge for our trade ideas, please pay with a