Las Vegas Sands (LVS) has been moving higher for a while. The news now is that LVS is breaking out to 52-week highs. Even more interestingly, it has been rising while the markets have been selling off the last few days. It closed last week near the highs while Friday was a Dow-down-390 day. This week it is making higher highs. The SCTR reading shooting up into the 90's is very bullish.
The idea would be, when a stock refuses to drop while the market drops, that is usually a pretty good signal of underlying strength. Rising against a falling market is even better.
Don't forget about ChartCon 2016! It's only 1 week away!
Chartcon 2016 is coming to you via live stream broadcast! Rather than have customers spend all the money to travel to the event, we have arranged for all the technicians to gather in one location and broadcast from there, saving you thousands of dollars. It should be a fantastic couple of days with a tight synopsis of the markets from an award winning Technical Analyst crew. You can register for this event for under $200 and have access to the recordings. Chartcon 2016.
Next, I will be presenting in person at Golden Gate University in September if you are in the area.
September 20th, 2016 @ 4 PM
Golden Gate University. Rm 3214
536 Mission Street
San Francisco, 94104
Cost: Registration is $10 for MTA members and $20 for non-members
You can register through the TSAA-SF website. Click here.
Feel free to pass this article on to friends and family.
Good trading,
Greg Schnell, CMT, MFTA
PS. Chartcon 2016, Register Here!
