Time to take profits on the LVS gamble. The company failed to meet analyst expectations. So the other possibility of a correction to $42 or even $38 might happen.
I am taking profits….. it’s up to you.
Up next… about the market correction… It could still happen. I am now net short the market in my opinion. It’s still up to you.
But why sell the market given this perceived optimism? Commodities prices are increasing inflationary expectations, which generally lead to lower growth…
Chinese interest rates hike might happen after the lunar new year..
Copper will hit $10k and start declining after China finish stocking up its pile of copper.
I am still waiting for a good healthy correction, the DOW could still head to 11300.
Good luck trading. If the market fails at 12k tomorrow, then we will definitely get a huge and big correction!
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