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 provides analysis of the gaming sector via BJK, VanEck Vectors Gaming ETF and the airline sector via $XAL (Amex Airline Index) as well as some of the individual stocks within those sectors that appear to be setting up as promising short-side swing trading opportunities as well as a few potential long-side trading opps. Long trade ideas will follow in a separate video.
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 [...]
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.
WYNN made a perfect kiss of it's final target (T4) today for a 28% gain from entry and subsequently bounced all the way back up to T3, where it stopped cold (no surprise). in my last update, i had mentioned the possibility of some additional downside targets but i also stated T4 remained my preferred target so i am closing this trade and might revisit it later for a new short entry if the current bullish divergences wear off and T4 support gives way. daily charts in order as posted:
the active WYNN short trade is currently bear-flagging between T2 and T3. T3 was recently hit for a 23.4% gain from the last posted entry back on march 2nd (at 131.40) so anyone in the trade should have either lowered stops or booked some/all profits, depending on your trading plan. personally, i still favor at least T4 being hit on the daily time frame but as you can see from the updated daily chart below (last one), i added the pattern measurement for that bear-flag, should it break to the downside and play out. what i really like about that flagging [...]
the WYNN active short, posted back on march 2nd, has hit T2 so consider taking some/all profits and/or lowering your stops, depending on your trading plan. i still favor at least T3 on this trade and have added an additional target (T4) to where that final support line was on my previous daily chart (1st one below).