06Dec3:39 pmEST
One Time, Dealer! One Time
The casinos did a nice job of bouncing back today, with LVS MGM WYNN all posing threats for a year-end rally.
Beyond them, I want to see if the main slot maker IGT can stabilize for another push higher before 2017. And then there is MPEL, a pure play on Macau gaming which has also been solid of late.
But the sleeper play, to me, still seems to be RRR, a mostly-locals casino owner in Las Vegas.
On the daily chart, below, you can see how close the stock is to a well-defined resistance breakout.
Overall, the market did a good job of keeping pullbacks contained today, once again. NFLX figures to be as strong as any leader now, and is acting like it.
More on this, and plenty of fresh ideas for Members tonight.
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