Friday, October 8, 2010

LVS Watch

Las Vegas Sands Corp. (LVS) has moved back to its swing high, reversing a two-day decline with bear signals. The bear signals have reversed on a one-day whipsaw, and the price is trading more than 4% above Thursday's close.

LVS $37.39

News reports attributed the rise to a positive revenue report from the Vegas strip.

In my analysis posted on Thursday, I wrote that one- and two-day reversals were "in the realm of normal behavior for LVS. ... I own this stock and am not selling yet."

So, as a trader already holding a bull position, I have no decisions to make. For traders looking for an entry point, a close above $37.50 would be a reasonable confirmation that the uptrend really had got its groove back.

Earnings on Oct. 28 after the close. That's 20 days out, plenty of time for analyst and news surprises.

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.


  • 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.

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