LVS Watch

The casino company Las Vegas Sands Corp. (LVS) is set to record a lower high and lower low today for the first time in five days. At the least, it's a pause in the rise that began in early July, and it could presage a pullback to the 20-day moving average (at $32.22) or even lower.

	trend	sto	sto zone	pps	psar	macd	macd trend	ma20	ma200
LVS $34.51

Or not. I have no crystal ball on this stock, only an abundance of caution.

Today's decline, covering 3.3% intraday, coincides with a Wells Fargo analyst opening coverage as "market perform". In analyspeak, "market perform" means "I'm not sure about this ole dawg of a stock."

Somehow I much prefer the noisy honesty of someone like Jim Cramer, who would hit a big button and shout "Sell! Sell! Sell!" rather than hiding behind weasel words.

In an analysis posted Sept. 24, I talked about some of the dangers facing continued rise of this attractive stock.

However, I don't see any signs that point to a major downturn at this point. It's a retracement. Rising stocks do that.

So it all comes down to how much pain you're willing to bear. The jackrabbity trader will exit now because the fast stochastic has moved to bear phase (as it has three times since Sept. 17).

The more cautious trader will wait for the macd to move below zero, or for Person's Proprietary Signal or the parabolic sar to flash bear before exiting.

The truly patient trader, sitting in the lotus postion and practicing deep zazen meditation, will wait for a significant piercing of the 20-day moving average befor exiting.

Remember: Earnings are out pre-market on Oct. 28. So we're in the period of maximum guessing and prognostication. There could be further analyst surprises int he works.

Reversal Levels

• $35.90, +4.0% (swing high)
• $34.51 <== You are here.
• $32.22, -6.6% (20-day moving average)
• $31.69, -8.2% (swing low)
• $22.86, -33.8% (200-day moving average

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.