The Long & Short Of It - Short VLO and PSX
Pair Trade Idea - Long DIS Short NFLX
We are going short RBS today with an initial downside target of -15% and a potential target of -35%.
Metal and mining ideas.
We last highlighted the biotech group on November 28 and had mentioned the fact that the intermediate-term uptrend of the XBI remained in place and that the momentum factors were positive. Not only do we get very good upside targets in the XBI from here, but there are also a number of very bullish stocks in the group that we feel investors should be considering as longs. Some of these stocks have recently emerged from bullish base patterns or have completed near-term consolidations and look poised for a strong move higher. Even Amgen which has been going sideways for almost three years has broken out to a new all-time high!
This report includes charts of: WYNN, LVS, Wynn Macau, Sands China Ltd., MLCO - NASD Stocks, Galaxy Ent.