Tag Archives: lvs

Wednesday’s Compendious Chart and Market Recap

Today's highly anticipated trading session was able to capture the entire trading year of 2015 in one day.   The S&P500 ETF $SPY closed the session at the exact price it started the day at.

The FED moved the needle up a little, but even they were powerless to fight the magnet that is 2015.  Prices can never break too high or too low in 2015.  The action can never get too hot or too cold.  The irony is most thought 2015 would continue the theme of everything going up and/or everything going down.   2015 has brought back the stock picker.  There is one way to beat a consolidating market... its to be in the names that move.  How about that $AMED!  While the market has been gyrating in a narrow contained range, there have been a host of stocks breaking higher/lower.

Let's look at some stocks, ETF's, the VIX, some scans, and what I think is going to happen in the weeks ahead.

The VIX was taken down today, and this is what I see from a chart perspective:

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Wynn Resorts, Limited (WYNN) on watch for breakout


Wynn Resorts, Limited (WYNN) has provided numerous money making opportunities long and short over the last 12 months (Previous wins here) . It seems sentiment can change like the wind on the stock as concerns over revenues in Vegas and Macau continue to fluctuate. With earnings on the way, it maybe time to get in front of a move, which we think will be to the upside for Wynn Resorts, Limited (WYNN).  The chart also shows a possible $5-$15+ short term rip to the upside.

Either way, buying calls on a stock is akin to gambling, and what better place to gamble then on a casino stock like Wynn Resorts, Limited (WYNN). We currently have the $120/$125 Oct 20th calls and looking for the stock to trade over $120 sometime this week. It is a very risky trade so if you are new to options, make sure you paper trade.