Presented by Nick Santiago
February 03, 2012 10:40AM
Wynn Resorts Ltd (NASDAQ:WYNN) is considered the leading casino stock in the market. This morning, WYNN stock is trading lower by $5.27 to $115.59 a share. Yesterday after the closing bell, the company released earnings that were below analyst expectations. WYNN stock has been struggling to trade above the December 2011 highs which tell us that the stock has weak relative strength. Traders can watch for intra-day support around the $114.00, and $112.00 levels.
MGM Resorts International (NYSE:MGM), and Las Vegas Sands Corp (NYSE:LVS) are two leading casino stocks that are trading higher despite the poor reaction to WYNN stock. It is important to note that MGM and LVS are getting extended on the daily charts and may need to pull back soon.
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Presented by Nick Santiago
February 03, 2012 08:51AM
This morning, the U.S. Labor Department released the non-farm payroll report for the month of January. The report was better than expected as there were 243,000 new jobs added. The unemployment rate also declined to 8.3 percent in January from 8.5 percent in December. While the report was very good and better than expected the data is always controversial. Traders must realize that the major stock indexes have been trading higher since December 19, 2011 without any meaningful pullbacks. These markets are extremely overbought and extended at this time. This morning, the S&P 500 Index e-mini futures (ES H2) are trading higher by 12.00 points to 1334.50 per contract.
Our Chief Market Strategists have dominated the markets in 2011, and their members reaped the rewards in the form of huge profits. In this exclusive interview Nick Santiago, Chief market Strategist of ITMS speaks on the markets, what the Pros are trading, the recent calls on the markets which members earned huge profits from and what to expect in the future. Over the past four plus years, while leading the market guidance as ITMS, Nick has called the market moves precisely, and earned so much in profits for so many people. An Elite group of traders and investors is created within the ranks of InTheMoneyStocks.com. Become empowered, become part of the elite, click here and start your free trial now.
Presented by Gareth Soloway
February 02, 2012 02:30PM
Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the elite as they give swing trades and teach their proprietary methodology. Make 2012 the year you start profiting in a major way.
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