With no word on bailouts for casinos, any reason not to buy (cheaper) puts on them?
I'm mean, the WHOLE strip in Las Vegas is closed, why the f*** would their stock price be worth more than toilet paper?
Any bears from Nevada that can chime in to give us a clue?

https://www.rgj.com/story/news/2020/06/06/las-vegas-reopening-casinos-business-coronavirus-george-floyd-protests/3157398001/
Nevada casinos have reopened, and I’m sure you’ve seen the videos of some people actually being out! That being said, the next few weeks should give us a true glimpse of what to expect from Vegas/Reno properties for the rest of the year.
IMO, very short term calls, longer term puts seem to be the best play. If boomers don’t return and unemployment dries up, casinos will be losing their cash cows.
I have no positions yet. Go ahead and tell me I’m wrong, MGM call holders

As requested, I will provide DD for NAT, DHT Holdings and MGM based on votes from my previous thread. I'll start with the tankers. (Let me note that I do not expect the general market trend to be positive for the next few weeks)
​
Preface: Positive Virus news is generally bad for Tanker company share prices.
NAT
Current share price: $6.12
EPS Q1 2019: $0.04
EPS Q1 2020 Estimate: $0.26
Earnings: 5/18 (Per NAT website, Thanks u/Nice_Block)
NAT operates Suezmax size tankers, the next step down from VLCC, and daily prices for Suezmax's are considerably less than VLCC. Current spot price is up 141% at $3.92 bpd from March of 2019 to March of 2020. I think that this earnings estimate is roughly accurate, but suezmax vessels have more room for positive price movement as more and more storage is filled to capacity. Suezmax ships allow producers more maneuverability and fluidity to store their oil, as such, turnover rates are higher than VLCC vessels.
Revenues at current prices indicate an earnings estimate closer to $0.36. This is the high end of earnings estimates. Additionally, demand for oil consumption is not likely to improve soon. If anything, a slow reopening of states without ports will not affect tanker company bottom lines and will extend the operating duration of oil producers in the permian. Keep in mind, if oil consumption does not increase, wells will either shut down, or more likely, prices will go negative again. This may have some effect on spot price for tanker transports. That said, spot prices are not likely to diminish significantly in the near future.
As a bonus, NAT recently (like yesterdayish) approved a buyback program to take advantage of increased revenues. This is the best news for NAT holders at this time. Their true intentions will be reflected in the earnings call.
Price Target: $8 in the short term. If quarantine continues through June with no oil production cuts, I would expect at $10+ is possible, but unlikely.
Historical action levels: https://imgur.com/a/dzsAZop
One week chart showing some consolidation for a potential breakout: https://imgur.com/a/10DZWE7
Note - I suggested this as a bullish play last weekend, and as such my $8 price target was hit on Tuesday. This ship may have already sailed. Pun intended. I would find another trade.
Recommendation: If you are dead set on an NAT play, shares at a reduced price through earnings, or options with expiry longer than 45 days out purchased next week.
​
DHT Holdings
Current share price: 7.10
EPS Q1 2019: $0.13
EPS Q1 2020 Estimate: $0.57
Earnings: 5/5
DHT operates operates exclusively VLCC tankers, of which the majority are on spot price rental. Current spot price for VLCC tankers up to 180k/day, up from an average of 19k/day this time last year. This is an over 9x increase. NAT is also currently operating more tankers on spot price rental, increasing volume under spot price contract over last year. They currently have 23 of 27 operating on spot pricing.
Historical action levels: https://imgur.com/a/X3W3kD4
One week chart showing downward channel (Im not sure this trend is completed yet) before potential breakout: https://imgur.com/a/CYCaYcv
Recommendation: I think the resistance levels for DHT are more relevant than those of NAT, and are also more realistic to be beaten. Calls mid week for EOW earnings at least 2 weeks out. General market sentiment is important for this trade.
​
MGM
Current share price: 15.01
Summary of MGM's plans to reopen casinos: https://www.usatoday.com/story/travel/destinations/2020/04/30/mgm-plans-reopen-las-vegas-bellagio-new-york-new-york/3061417001/
I would expect the mayor of Las Vegas to attempt to reopen the tourism to the city along with President Trump's guidance. If they are able, they will reopen soon. They likely will not have large scale shows or concert events to draw in customers, but gambling will be open to some extent. I do not expect casinos to see a large influx of patrons, and this will end up being a net negative for them in the coming months as their expenses will increase more than revenues. They may even potentially have to re-close if Covid testing reveals an uptick in cases in the Las Vegas area. That said, their saving grace is Macau, where a significantly large portion of their income is generated. China expects tourism to Macau to increase, but I would take that with a grain of salt.
Given MGM's recent meteoric rise to nearly $18 per share, I think they fall into the sentiment of the rest of the market and will suffer in the coming month. I expect the share price will visit mid-april prices of $13, or potentially lower following a general trend with SPY. Luckily, If you see these prices, I consider MGM a very long term and stable play. They have enough cash on hand to last an entire year with no revenue; a situation that is uncommon at this time. In general, event or discretionary based spending, hospitality and travel will be the last to recover, but this is a commonly assessed sentiment.
Historical action levels: MGM was not surprisingly rejected by the historical support level of $17.50 this week https://imgur.com/a/aoRNvk8
5 day chart does not provide any major price movement indication.
Recommendation: Sell shares, do nothing until share prices revisit mid-April levels.
​
As always, feel free to comment and tell me why I'm wrong.
EDIT - I accidentally switched which size tanker each company uses, it has been corrected - Shoutout u/kindlyblacksmith

Hello. Las Vegas plans to reopen on June 4th. MGM and CZR stocks are both much cheaper than they were a year ago, but the casinos are still there. Fully operational but with out many staff and no tourists. Both companies have several casinos that will reopen on June 4th, later this week. Should I buy these stocks or is it still too soon? Eventually people who love to gamble will be back, right?

Casino giant MGM Resorts (NYSE:MGM) announced after close of trading yesterday that it plans to reopen several more Las Vegas, Nevada, properties over the next two to three weeks.
On June 4, MGM reopened four casinos in Las Vegas that had been shuttered during the COVID-19 pandemic: the Bellagio, New York-New York, MGM Grand Las Vegas, and the Signature. Next to reopen will be the Excalibur (tomorrow), followed in short order by the Luxor, Mandalay Bay, Aria, and Four Seasons Las Vegas.
https://www.fool.com/investing/2020/06/10/mgm-to-reopen-5-more-resorts-this-summer.aspx
The dip is temporary

Does this continue the upward trend for resorts and casinos such as ERI, PENN, and WYNN, and help MGM? Or do increased operation costs and lower capacity hurt them in the long run?
“Casino operators and employees in the largest U.S. gambling market got some welcome news at the start of the Memorial Day weekend: a June 4 target date for reopening.
Nevada Governor Steve Sisolak, a first-term Democrat, announced the reopening date Friday. Resorts in Las Vegas have been shuttered since March due to the coronavirus, resulting in a surge in unemployment and a collapse of tax revenue. Sisolak has been under pressure for weeks to reopen one of the state’s most-important industries.
He joins politicians in other states who are getting comfortable with the return of large entertainment venues. Casinos in Louisiana and Mississippi opened in the past week. And California Governor Gavin Newsom said Friday his state’s casinos, most of them run by Native American tribes, could open June 8. “We’re putting out guidelines not just for casinos, but card rooms as well,” he said.
A March study by the Brookings Institution identified Las Vegas as one of the areas hardest hit by the virus in the U.S., with some 342,000 people, or one-third of the workforce, out of a job.”
https://www.bloomberg.com/news/articles/2020-05-22/nevada-governor-targets-june-4-date-for-reopening-casinos

A Quick Note: This is meant to be a purely charting and analytical approach to evaluating market movements. Although I have been very successful in the past predicting movements traders should always make an effort to adjust their positions based on changing political and media landscapes. This approach isn’t meant to be any more accurate than a meteorologist predicting the weather. Take positions at your own risk and always do your own due diligence. I release these for thoughtful criticism from traders who use different approaches for analysis.
Youtube Walkthrough on TA: https://www.youtube.com/watch?v=7y1HoINQG04
Tl;dr: Expecting a significant bearish reversal over the next 1-2 weeks. Hoping for slight bullish movement in the short-term for an optimal entry.
Ticker: $SPY
Intervals: 1W, 1D, 1H
Indicators: MACD, KDJ, MA(200 & 50), NetVolume, VPVR, VP Oscillator
Signals:
1W: MACD Bullish Convergent, Net Volume (-650M) Bearish, KDJ Extremely Overbought Bearish Convergence
1D: MACD Bearish Slightly Divergent, Net Volume (190M) Bullish, KDJ Overbought Bearish Divergence
1H: MACD Convergent Inconclusive, Net Volume (-9.3kk) Inconclusive, KDJ Nuetral/Slight Bullish Divergence
Key Supports:
300
296.15
288.56
Key Resistances:
308 (minor)
313
326
Position: Looking for a short/put entry at 308 or above, ideal entry would be around 316 for a 300p 6/19. Currently holding a 303p with a 307 entry. Initial entry for this position was poor.
Targets: At 303 or below lock in profits with a stop at previous option value at 306. Take profit at 296 or below.
News: “The reopening of the Las Vegas Strip has gone relatively well for casino operators since resorts began opening back up last week.
Even more properties returned to operations this week, but the latest room rate numbers suggest Vegas still has a long way to go in recovering from its shutdown, according to BofA Securities.”
https://finance.yahoo.com/news/more-las-vegas-casinos-reopen-153726887.html
“The CARES Act passed back in March, provided for stimulus checks paid to individuals to help Americans struggling with the economic impact of the coronavirus pandemic. So far the IRS say they have paid out well over 150 million stimulus checks with a further 30 to 35 million still to go. The big question: will there be a second round of stimulus payments and, if so, when will they be paid?”
,
https://en.as.com/en/2020/06/13/other_sports/1592048631_507744.html
Analysis: Momentum indicators are longer intervals give pretty strong indications of a possible bearish reversal. Although 1D interval seems to indicate short term neutralization of bearish momentum. 1H is also almost completely neutral. Weak signals on 1D and 1H indicate a possible “bull-trap” before continuation of a more long-term wave of panic.
Charts: https://imgur.com/gallery/Q4cqr4A
Alternative Plays: MGM, IWM, BA

Summary: In June of 1997, Marine Recruiter Ron Parkhurst walked out of his Huntington Beach, CA office and never came back. He packed up his black Ford Mustang, drove to Las Vegas where he spent a week gambling. He checked into a Motel 6 and over the course of a week he made small ATM withdrawls ranging from $60 to $200. He was seen several times between June 15 and 18 at the MGM Grand. By the end of the week his bank account had only $53.00.
At 4 AM June 18, Parkurst's Mustang was found abandoned on an access road near Lake Mead. His CD collection was gone, his wallet hound but with no license or ATM card. Three days later on June 2 around 10 am a women discovered Parkhurst's body floating in the water. He had been shot by a 45 caliber in the back of the skull.
Some other oddities about this case: Parkhurst was married to a woman named Rebecca whom his family never met. When asked, Ron claimed she was the maid. She claimed his veterans benefits after death, and even listed a son born 1993, although its unclear if Parkhurst is the father. He also allegedly purchased a life insurance policy in the months before his death. At the time of his death, he lived alone in an apartment in Irvine, California.
The case has remained unsolved for the past 22 years. A year ago Parkhurst's sister Diane Garrett has been in touch with LVPD's cold case unit and hopes for some leads.
What are your theories on Ron's death? Gambling debt gone wrong?
Ron Parkhurst: https://www.ocregister.com/wp-content/uploads/2019/11/OCR-L-COLDCASEMURDER-05.jpg?w=740
Source: OCRegister.com article. Pay walled so text below:
Cold case: Sister wants answers in 1997 murder of OC-based Marine by Keith Sharon
His nephews called him the strongest man in the world.
He had a “bright and shiny” bald head, his master sergeant said with a laugh. “You could see him from a mile away. He was quiet, well-mannered. He always stood up straight whether he was in military attire or civilian clothes.”
Ron Parkhurst was a Marine. “A really good Marine,” said Master Sgt. Rene Robles.
Parkhurst was so gung-ho he was made a recruiter, working out of the USMC substation in Huntington Beach. There is no explanation for why in 1997 he walked out of that office, after 13 exemplary years in the military, and never came back. He had a meeting scheduled with the family of a recruit, but he didn’t show.
One late spring afternoon, he ditched his responsibilities, hopped into his black, immaculate Ford Mustang, accompanied only by a vast collection of music on compact discs, and headed to Las Vegas. Inexplicably, he spent a week hitting the casinos. He was wearing cutoff jeans and a red and white T-shirt when he walked out of the MGM Grand on June 18, 1997, the last day of his life.
On June 21, 1997, Ron Parkhurst was found floating in the remote Saddle Island Cove in the waters of Lake Mead about 30 miles from The Strip. The Clark County coroner concluded he had been in the water for about three days.
He had a .45-caliber bullet in the back of his head.
The U.S. Naval Criminal Investigative Service and the Las Vegas Metropolitan Police concluded the death was a homicide. The LVMPD report classified the case as “murder WDW” (with a deadly weapon). But “due to the lack of logical investigative leads, this investigation is closed,” the NCIS said in its report from June 1997. The case will be reopened if either the Las Vegas police ask for assistance, or a suspect is identified.
In 22 years, no suspect has been identified, and the Las Vegas police have not asked for help. Although. there is a potential thread to the investigation that has not yet been fully pursued.
“I’ve always felt he was killed execution-style,” said Diane Garrett, Ron’s sister, and mother of the nephews who were impressed with their uncle. “His death was devastating. The family has never been the same afterward.”
Garrett has been in touch recently with the Las Vegas police, where a cold case detective is taking another look at the 22-year-old unsolved murder. Cold case investigator Terri Miller has spoken with Garrett, but did not return a call from the Southern California News Group.
“I was drop-jawed when I heard what happened,” Master Sgt. Robles said. “All of us Marines felt like one of our Marines was down.”
A Marine is still down.
Kept a distance
Parkhurst could run. He was on the cross country team at Manual High School in Peoria, Illinois.
“He was always this kid with an impish kind of personality,” said Garrett, his older sister. “If he got in trouble, he would smile. He never took things seriously. He was always joking.”
After high school, he needed some stability in his life so he picked the military, specifically the Marines. He worked as an aircraft mechanic.
He was stationed for a while in Tennessee where he met Rebecca Carolyn DeLoach, who had been twice divorced. On Valentine’s Day of 1992, Rebecca became his wife.
The strange thing about his marriage was that Parkhurst didn’t tell his family about it. Garrett said she called him once a week – on Sunday nights – and she would ask about Rebecca. Parkhurst never gave details.
“Who was the woman who answered the phone?” Garrett would ask. “He would say, ‘That was the maid.’”
Parkhurst and Rebecca moved to California, so they were far enough away to keep his family guessing. When she filled out military forms as his dependent after his death, Rebecca listed a child named Justin, born in 1993. Parkhurst’s family does not know if he was Justin’s father.
Robles said that by the time he met Parkhurst in 1995 or early 1996, he told everyone he was single. Rebecca was not invited by his family to his funeral.
Attempts to reach Rebecca for comment in this story were unsuccessful.
Piecing together details
In 1997, Parkhurst was living alone in an apartment on Thunder Road in Irvine.
Suddenly, in June, he dropped out of his life and went to Vegas. He checked into a Motel 6. He made several small ATM withdrawals, none more than $200, during the last week of his life, including a withdrawal of $60 on June 18, 1997. That final transaction left $53.85 in his checking account.
He was seen several times between June 15 and 18 at the MGM Grand.
At 4 a.m. on June 18, Parkhurst’s Mustang was found abandoned on an access road next to Lake Mead. His CD collection was gone. His wallet was found, but it had no driver’s license or ATM card inside. Garrett said she has been told by police that a witness saw another car speeding away from Parkhurst’s Mustang.
Three days later, on June 21, just before 10 a.m., a woman discovered Parkhurst’s body in the water. He had been shot in the occipital area of the skull. Police were able to get DNA samples from the car, but they proved to be inconclusive.
Police searched Parkhurst’s Irvine apartment five days after his body was discovered.
The report said Parkhurst may have purchased a life insurance policy in the months before his death. But there is no follow-up report about the investigation into that potential lead.
‘Disbelief’
Robles, who was Parkhurst’s supervisor in Huntington Beach, flew to Las Vegas to identify his body. Parkhurst was buried in his dress blues, and Robles accompanied the casket to Parkhurst’s family home in Peoria, Illinois.
Everyone on the plane was asked to remain seated while Parkhurst’s casket was taken off the plane.
“Everyone was staring out the windows of the plane,” Robles said. “His parents were very hurt. They were in shock. Disbelief.”
Parkhurst was given an honor guard funeral with a flag-folding ceremony.
A $5,000 reward was established for information leading to an arrest. No one ever claimed the reward.
Leonard and Nancy Parkhurst, Ron’s parents, both died in the 22 years since his murder. Garrett said her parents wouldn’t talk about his death to her or at family gatherings.
“It was never spoken of,” she said.
A year ago, she was going through her parents’ belongings when she found the extensive Judge Advocate General report on her brother’s death.
She started contacting people mentioned in the report.
She has considered advertising on a billboard in Orange County.
“This is something I’ve had rolling around in my brain – a billboard,” Garrett said. “It would say, ‘Do you know what happened to this person?’”
She said the Las Vegas police are taking a new look at the case, and the cold case investigator has asked permission to begin interviewing people such as Rebecca Parkhurst and a “person of interest.”
So far, Garrett doesn’t know if the new investigation has been launched.
“Somebody has to know something,” Garrett said. “I want to know what happened.”

Great Canadian Gaming (T.GC) has 25 gaming, entertainment and hospitality facilities in Ontario, B.C. and Atlantic regions of Canada.
Over 95% of the revenue & EBITDA comes from BC & Ontario, of which each province has signaled that casino's will be among the last things to open in their provinces. There is NO prospective reopen date!
Heading into this weekend Great Canadian shares are off just 30% YTD without a dollar of revenue for almost 4 months and no visibility on when revenue or profitability will return.
In comparison, Gamehost Inc (T.GH), which operates casinos in Alberta that are open is also off 30% YTD. MGM Resorts (MGM), which also has its casinos open is off 42% YTD and Las Vegas Sands (LVS) which also has its casinos open is down 30% YTD.
Additionally, when the Casinos can reopen, one can expect very stringent rules that reduce revenues and increase costs, such as when Atlantic City Casinos reopened this weekend. Rules, are likely to include temperature checks on entering, mandatory wearing of masks, half capacity at table games, no smoking, drinking, or eating while inside the casinos and a cap on overall capacity of 50% occupancy.
This feels like a solid candidate to short sell over a medium time horizon. Any opinions from the community?

This is the best tl;dr I could make, original reduced by 91%. (I'm a bot)

Rotzin is unsure if other employees have tested positive - she said she has received no official notices from the company regarding infected workers.
On June 29, the Review-Journal reported that multiple employees have personally confirmed at least 15 workers have tested positive for COVID-19 at The Cosmopolitan of Las Vegas.
The company declined to say how many of its employees have tested positive, but told the Review-Journal it immediately reports any positive cases to the health district, and follows health and safety protocols that include contact tracing and testing, quarantining, and deep cleaning and sanitization.
The company does not disclose which employees have tested positive or are self-isolating.
Broome declined to say how many employees have tested positive since reopening or whether it brings up positive cases when it calls employees back to work.
Spokesman Brian Ahern said when an MGM employee tests positive, the company follows incident response protocols and works to identify, notify, and require testing for employees who have had close contact with the infected individual.

Summary Source | FAQ | Feedback | Top keywords: employee^#1 positive^#2 test^#3 work^#4 company^#5
Post found in /Coronavirus.
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This is the best tl;dr I could make, original reduced by 61%. (I'm a bot)

LAS VEGAS - Unions representing 65,000 Las Vegas-area casino workers accused some resort operators on Monday of putting employees at risk of illness and death during the coronavirus pandemic by skimping on safety measures like a requirement for mask-wearing.
"They want to work, but they want to work safe," Culinary Union executive Geoconda Argüello-Kline said of hotel housekeepers, cooks, bartenders, vehicle valets and others.
A lawsuit filed Monday in U.S. District Court in Las Vegas does not directly cite the death last week of Adolfo Fernandez, 51, a Caesars Palace porter and union member from Las Vegas who was diagnosed with the COVID-19 respiratory illness after returning to work when casinos reopened June 4 after a three-month shutdown.
The lawsuit points to the experiences of employees at an eatery at Harrah's Las Vegas, valets and porters at the Signature Condominiums towers at MGM Grand resort, and restaurant kitchen workers at the Bellagio casino.
Despite "Overwhelming evidence of the importance of mandating facial coverings by guests in public areas of casinos and hotels," the document says, "Defendants, along with other casinos and hotels in southern Nevada only 'encouraged' guests to wear face masks."
During the economically devastating casino shutdown imposed in mid-March, union officials consistently called for Gov. Steve Sisolak, the regulatory Nevada Gaming Control Board and the Clark County Commission, which oversees the Las Vegas Strip, to impose strict worker safety measures.

Summary Source | FAQ | Feedback | Top keywords: work^#1 LAS^#2 casino^#3 Union^#4 people^#5
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This is the best tl;dr I could make, original reduced by 34%. (I'm a bot)

MGM Resorts International just announced that it will temporarily suspend operations at its Las Vegas properties on Tuesday, March 17.
Casino operations will close on Monday, March 16, followed by hotel operations, says Jim Murren, chairman and CEO of MGM Resorts in a press statement.
"As the coronavirus pandemic has intensified in the United States over the past week, the people of MGM Resorts have worked to try to find a way to continue delivering high quality hospitality and entertainment experiences for our guests while keeping our employees doing the jobs they love in a safe environment. Welcoming people from around the world is what we do, and our employees have tremendous pride in their work."Despite our commitment to dedicating additional resources for cleaning and promoting good health, while making difficult decisions to close certain aspects of our operations, it is now apparent that this is a public health crisis that requires major collective action if we are to slow its progression.
"Accordingly, we will close all of our Las Vegas properties as of Tuesday, March 17, for the good of our employees, guests and communities. This is a time of uncertainty across our country and the globe and we must all do our part to curtail the spread of this virus. We will plan to reopen our resorts as soon as it safe to do so and we will continue to support our employees, guests, and communities in every way that we can during this period of closure."
MGM Resorts will not be taking reservations for arrivals before May 1, but that situation may change.
Major chefs affected include Wolfgang Puck with Spago at the Bellagio, Lupo at Mandalay Bay, and Wolfgang Puck Bar & Grill at MGM Grand; Joël Robuchon's two restaurants at the MGM Grand; Roy Choi's Best Friend at the Park MGM; NoMad Restaurant and NoMad Bar at the NoMad Hotel; Tom Colicchio with Heritage Steak at the Mirage and his steakhouse at the MGM Grand; Susan Feniger and Mary Sue Milliken at Border Grill at Mandalay Bay; and Michael Mina's four-restaurants at MGM resorts.

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WEEKLY OUTLOOK
When markets reopen after the holidays today, all eyes will be on the monthly U.S. employment report, coming on Friday. On Wednesday, we will hear of the FED’s December policy meeting with further clues on the future of monetary policy. Chinese manufacturing datas will give fresh indications on the health of the world's second biggest economy. Eurozone inflation data comes on Friday, and in the UK manufacturing, construction and service concerns are in focus, thanks to the Brexit’s effect on the economy.
CASINOS FINISH STRONG
Gaming revenue in Macau rose for the first time in three years in 2017 as appetite for gambling recovers following a protracted government campaign against public shows of wealth by officials and slowing economic growth. MGM, Las Vegas Sand, Galaxy, Wynn, and Melco are all in the pot to cook with, you gotta pick the perfect for you. Keep looking at Japanese licensing.
THE LAST SESSION - 2018
The end of Friday’s trading was certainly interesting as the last 30 minutes of the trading day incurred most of the day's half of a percent loss. Although the first day of January is simply another day on the calendar, much is made of the fact-, it is January and a new year. So, what is to be expected from the equity market in 2018? Who knows? But there is a significant fact! Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves. Don’t be ridiculous! Ask!
#DAILY PICK Dow Jones (DJ:DJI) has been awesome! Why would it change? Long term only!
Verizon (NYSE:VZ) is in the class change, one of S&P500’s last telecoms. Predictions are high.
AT&T’s (NYSE:T) FirstNet is approved in all states! Time to make money.
Nvidia (NASDAQ:NVDA) looks bulletproof, buying the deeps could pay off!
ActiVision (NASDAQ:ATVI) Call of Duty picked as the best game of 2017. It’s the 9th year in a row. Doubts? Shouldn’t have.
FX WORLD
Looking at the first session of 2018, we have to see, the exchange market is still going to be a little quiet. Momentum trades are preferable these days.
The EURUSD looks very strong. Considering multiple things to pay attention to, one is the look at the D1 head-shoulder form, which sends us several candles higher, and there is a very bullish trend on W1. If we move above 1.21, we will see higher levels in mid-term.
The GBPUSD is still supported by 1.3333 and the underlying uptrend line. It could break above 1.365, but until that, the pair will bounce back and forth between these levels. Momentum trading is preferable.
The USDJPY closed the year with a negative candle. 112 is supportive. If we break 113, the pair will find 114.5 first, than it will move much higher. The market could be a bit quiet till job datas will come.
Check our blog for more information: https://www.gtc.news/single-post/DT18002EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld

WEEKLY OUTLOOK
When markets reopen after the holidays today, all eyes will be on the monthly U.S. employment report, coming on Friday. On Wednesday, we will hear of the FED’s December policy meeting with further clues on the future of monetary policy. Chinese manufacturing datas will give fresh indications on the health of the world's second biggest economy. Eurozone inflation data comes on Friday, and in the UK manufacturing, construction and service concerns are in focus, thanks to the Brexit’s effect on the economy.
CASINOS FINISH STRONG
Gaming revenue in Macau rose for the first time in three years in 2017 as appetite for gambling recovers following a protracted government campaign against public shows of wealth by officials and slowing economic growth. MGM, Las Vegas Sand, Galaxy, Wynn, and Melco are all in the pot to cook with, you gotta pick the perfect for you. Keep looking at Japanese licensing.
THE LAST SESSION - 2018
The end of Friday’s trading was certainly interesting as the last 30 minutes of the trading day incurred most of the day's half of a percent loss. Although the first day of January is simply another day on the calendar, much is made of the fact-, it is January and a new year. So, what is to be expected from the equity market in 2018? Who knows? But there is a significant fact! Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves. Don’t be ridiculous! Ask!
#DAILY PICK Dow Jones (DJ:DJI) has been awesome! Why would it change? Long term only!
Verizon (NYSE:VZ) is in the class change, one of S&P500’s last telecoms. Predictions are high.
AT&T’s (NYSE:T) FirstNet is approved in all states! Time to make money.
Nvidia (NASDAQ:NVDA) looks bulletproof, buying the deeps could pay off!
ActiVision (NASDAQ:ATVI) Call of Duty picked as the best game of 2017. It’s the 9th year in a row. Doubts? Shouldn’t have.
FX WORLD
Looking at the first session of 2018, we have to see, the exchange market is still going to be a little quiet. Momentum trades are preferable these days.
The EURUSD looks very strong. Considering multiple things to pay attention to, one is the look at the D1 head-shoulder form, which sends us several candles higher, and there is a very bullish trend on W1. If we move above 1.21, we will see higher levels in mid-term.
The GBPUSD is still supported by 1.3333 and the underlying uptrend line. It could break above 1.365, but until that, the pair will bounce back and forth between these levels. Momentum trading is preferable.
The USDJPY closed the year with a negative candle. 112 is supportive. If we break 113, the pair will find 114.5 first, than it will move much higher. The market could be a bit quiet till job datas will come.
Check our blog for more information: https://www.gtc.news/single-post/DT18002EN

GTC #GTCnews #daily #dailynews #GTCdailythread #followus #dailypick #forexworld