Friday, February 17, 2012

Friday Evening Thread

Markets survived options expiration mixed, with the Dow Industrials and SP500 up fractionally on the day, but the Dow transports, utilities, Russell, and Nazz all fractionally lower on the day.

Enjoy the weekend and stay safe.

Afternoon Thread

Options Expiration. Three Day weekend ahead. Careful ...

Morning Thread

Thursday afternoon Otto was mentioning MPEL and I was adding to an LVS position at the same time. Most of the casino stocks have nice charts. I can think of 3 reasons: (1) Macao. (2) Las Vegas and Macao have very little to do with Europe. (3) Earnings showed nice gains, though not back to pre-2009 levels. I have posted a weekly chart of Las Vegas Sands, which shows how the stock has been trading in a channel or range between 36 and 48 for a year, and is in the process of breaking out into a new range.