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Trader and Analyst for years in stocks, futures and options. Trading based primarily, but not only, in technical analysis in strategies for median, short and long term.
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  • Las Vegas Sands After Earnings

    After the bell on Wednesday July 25, Las Vegas Sands (NYSE:LVS) reported its earnings for 2Q2012.

    Sands earned $240.6 million, or 29 cents a share, on the period, down from $367.6 million, or 45 cents a share, in the same quarter of 2011. The company would have earned 44 cents a share, down from 54 cents a share. Revenue rose 10.1% to $2.58 billion. That was well below analysts' expectations of 60 cents a share on revenue of $2.77 billion.

    The subsequent sell-off in after hours, leaves the stock to a minimum close to 34.5. At the opening of July 26, reached a minimum lightly upper this number. Beginning from there, a rally until the close. Nevertheless, did not be able to surpassing the maximum of the day.

    See intraday chart.

    (click to enlarge)

    Looking at weekly compression chart, we see a support area at 36 for almost two years, that it was violated today intraday. Although, closing above this support.

    (click to enlarge)

    Looking close at daily chart, we have better image.

    (click to enlarge)

    From a technical standpoint, the stock is in a decision area. If remains above 36 the stock price can rebound from this level, and if break this area would signal a bearish call with 36 now as resistance.

    Update: Last Friday, LVS opened above 36 and closed at 36.77.

    Looking forward, if Monday opens above 36 but not of 37, one possible strategy would be to buy a strangle, buying a call 37 and a put 36 for protection in both sides, other strategy would be, buy the stock with stop loss if close below 36, or just buy a call.

    Risk Disclaimer: The opinions contained herein are for general information only and not tailored to any specific investor's needs or investment goals. Any opinions expressed in this article are as of the date indicated. Past performance is not necessarily indicative of future results.

    Disclosure: I am long LVS.

    Jul 29 10:50 AM | Link | 2 Comments
  • Possible Market Scenario - Update

    One month ago, diving in possible futures for the market, we have seen the similarities between these days and the Dow Jones of 1973/76. (see Possible Scenario..)

    We had this chart with the development of Dow Jones Industrial between 1973-1976.

    Looking again the chart with the current development, we still see the similarities of both movements,  who allows to us to think that the analogy remains valid.

    The question to answer now is if, the next days and weeks will confirm that scene or on the contrary, it will annul it completely.
    Up to now, the market seems going to leave the lateral movement in which was immersed the last months.

    Looking closely, we need for to confirm that scene that, the market reach and surpass the objective of 1220 of the S&P 500.
    At this time, and given the behavior of the market in the last days, we would be able to expect that it  be going to seek the 1220 points.  What happen once there, will determine if the forecast that we can go toward new maximums of the bullish cycle initiated in 2009 is on the right way or we should expect another scene.

    A debt at the moment for to confirm this scene is the presence of volume that  
    up to now, has been light.

    Anyway, as always, the market will speak and the next days will have the truth.

    Oct 11 1:02 AM | Link | Comment!
  • Boyd Gaming trade update
    In September, we saw like an opportunity for a low risk trade, the purchase of BYD in the area of the 7 points, which was seen like an important support area and rebound.  (see article)

    Finally, the stock reached the 6.70 and began an upside movement.  
    If you followed it, and agreed with this view and maybe placed a buy order, you will have seen as, the last Friday,  BYD experienced a strong movement  accompanied with an important operated volume too. 
    In this case, would be a time for to move our stop loss to a 7.5 area in order to protect our investment. From the chart, we saw as 9 area is an resistance and the 200 day moving average is now in it too.  
    If the movement don't fail and cross 9 and the 200 days MA, the next objective is 12.75 area. Now, you can choose take profit near 9 and 200 d MA, total or part of your position or, wait if it cross this area and go for the objective zone. (in this case will be nice to move the stop near 9 and follow the upside in order to assure our profit)

    Anyway, we need to follow the market close and make our decisions.

    Disclosure: Small position
    Oct 10 2:30 PM | Link | Comment!
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