This video provides technical analysis on the the VanEck Vectors Gaming ETF, BKJ, along with charts the 13 individual stocks within that ETF, most of all of which appears to be poised for bear markets measuring well into the double-digits in the coming months+. Key support levels, technical developments to watch for as well as potential price targets are also discussed. For those wishing to skip ahead to a particular trade idea, the following ETF & stocks are covered in this order: BJK, LVS, MGM, WYNN, MLCO, CZR, GLPI, IGT, TSG, SGMS, BYD, CHDN, ERI & PENN. playback speed can be [...]
This video begins with analysis on the casino & resort sector along with the VanEck Vectors Gaming ETF. This sector, as well as the majority of individual stocks within, appears to be setting up as attractive swing & potential trend trade candidates with above average gain potential. As about two dozen individual stocks that stand out as compelling trading opportunities are covered, most listing objective entry levels & price targets. Those preferring the relative safety of trading ETFs vs. individual stock might opt to just watch the first 15 minutes in which BJK & the sector are covered. Those interested in [...]
My apologies as I had meant to post this yesterday. The ERI short trade is scheduled to report earnings after market close today. I had intended to post an heads-up for ERI's earnings reports primarily for two reasons; Some traders prefer to close a position before a quarterly earnings report in order to avoid getting caught on the wrong side of an earnings-induced gap while others, like myself, will hold a position as a long as the charts remain clearly bullish or bearish as it has been my experience that more often than not, earnings induced gaps play out in the [...]
ERI (Eldorado HoldCo LLC) hit T1 for a 6% gain today. T2 remains the final target at this time with the potential for a 3rd target around the 13.40 area depending on how the casino & resort sector trades going forward. Previous & updated daily charts:
The following notes & chart outline the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in ERI, Eldorado HoldCo LLC.
Just a heads up that several of the official & unofficial trade ideas recently posted on RSOTC are scheduled to report earnings after the markets close tomorrow, including ATVI, CARA, ERI, GDEN & TSRO. Keep in mind that list is far from inclusive of all of the recently highlighted trade ideas. There are numerous sources on the web to find the upcoming earnings dates for your positions, such as this earnings calendar from Yahoo Finance, the company's website (usually found under Investor Relations or a similar link at the bottom the company's home page) or even a quick Google search for [...]
This video takes in-depth look at some of my favorite trade setups in the Resorts & Casino industry, outlining key technicals charts patterns, support & resistance levels, trendlines, price targets & more. Several of these resort and/or casino stocks appear poised for a drop as much as 50% or more from current levels. The charts of the following companies are reviewed in this order: LVS, MGM, WYNN, MTN, BYD, CACQ, ISLE, ERI, MCRI & GDEN.