Even high growth stocks like LVS with good fundamentals are being hammered. I guess this is the time when fund managers are collecting profits and waiting for the next drop.
I am guessing they wait for a 3 to 5% correction before buying more stocks.
Possible trades: short commodities related stocks as we await china’s tightening. Commodities will sink as shown by the futures and options action.
FCX might test $93, CLF $70, AA $15.
Not recommending a buy on LVS till it hits technical levels at $38 or $41
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