LVS Watch

Las Vegas Sands Corp. (LVS) has pushed to a new high this morning, eclipsing Wednesday's, and Person's Proprietary Signal (pps) has whipsawed back to bull phae. So all of my criteria for reentry have been met.

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
LVS $33.37

The one fly in the ointment is the fast line of the fast stochastic, which has turned down sharply despite, although it remains above the 80-line. The slow line has not yet returned to above the 80 line, although it is moving in the that direction.

On Wednesday I wrote, "The risk-taker who exited the stock on the fast stochastic bear phase Sept. 17 will re-enter based on the strong price push, the volume and the fast stochastic bull phase today. The more cautious trader will wait for the Person's Proprietary Signal to reverse back into bull phase."

Those cautious constraints have been met, and I like LVS as a bull play.

Two caveats: Earnings will be released on Oct. 28, which means we're entering a period that is prone to analyst news surprises. Secondly, who can entirely comfortable in a stock that does one-day whipsaws on a major signaler like the pps? Not I.

Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.


No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

Abbreviations:

• pps - Person's Proprietary Signal.
• psar - Parabolic Stop and Reverse
• ma20 - 20-day moving average
• ma200 - 200-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways.
• sto: green for bull, red for bear.
• sto zone: green for overbought (80+), red for oversold (20-), yellow for neutral zone
• psar, pps, macd: green for bull mode, red for bear.
• macd trend: green for rising, yellow for sideways, red for falling.
neutral.
• ma20, ma200: green for above the average by more than 1%, red for below the average by more than 1%, yellow for within 1% either side of the average.