Chewing Through Nostalgic Areas

To follow-up on yesterday's blog post, both CMG and WYNN not only survived earnings but are furthering their respective bull cases for long-term turnarounds today. 

Wynn Resorts, below on the monthly chart, did an admirable job breaching $105 a few weeks back. And now is flashing many signs of valiantly holding above it. I suspect the net major hurdle into summer will be the $150 area above, marking highs from 2007 and then 2011, a year when other major casino ran into some trouble, too. 

Either way, the symbolism for the consumer of CMG and WYNN both suddenly thriving ought to inspire bulls to try to ferret out some turnaround plays in the retail sector perhaps, too. We have a few for Members on watch in that arena, as well.