My LVS calls went from almost 100% gain to basically flat over the past 2 days. Volume seems to have picked up but OBV has not dropped much doesn't indicate that there is a complete reversal to distribution. Also the whole sector is moving in the same pattern and may be in the beginning stage of forming a bull flag. I may have to hold through earnings. LVS reports earnings after the close... a little scared to hold after the MCD nightmare.
The market looks like its pausing and money is clearly rotating into the laggard financial stocks like C & BAC and the healthcare sector. If C can break above $5 I will be unloading my 1200 shares.
Also I'm sure Dominic is aware (T3's Marc's report) of the airliners being up today like CAL & UAUA.
Hopefully the bulls have enough strength to keep the market afloat for a few days until the next positive catalytic event if there are truly any on the horizon.
I'm a big fan of PIMCO' Mohamed El-Erian and his insight and thought that his commentary on CNBC this morning was realistic:
http://www.cnbc.com/id/15840232?video=1198896730&play=1
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