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.

Evening Thread

Whatever bugged Ms. Market yesterday was gone today as we shook off yesterday's reversal. All 10 S&P sectors were higher on the day. Even AAPL closed back above 500 on high volume. The SP500 is not yet back to 2011 highs of 1370, but edging ever closer.

Afternoon Thread

Toes collecting shark teeth.

The SP-500 is trading above 1350 which has been an area of resistance.  A close up here could bring in more under invested hedgies.  The NASDAQ is trading quite well even without the big dog (AAPL) participating.  I'm not as brave as Toes but I am staying long.