We are tracking a quarterly squeeze (left chart) on 
LVS as well as a monthly squeeze on 
DKNG
As the economy further deteriorates and the average consumer continues to struggle, i expect these 'vice' stocks to outperform over the next 12-18 months.
I will be looking for strategic entries into both of these names, withDKNG being closer to an appropriate entry.
Keep in mind ALL positions would still be HEDGED, as a broad selloff WILL drag everything down with it, at least short term.
LVS as well as a monthly squeeze on DKNG As the economy further deteriorates and the average consumer continues to struggle, i expect these 'vice' stocks to outperform over the next 12-18 months.
I will be looking for strategic entries into both of these names, with
DKNG being closer to an appropriate entry.Keep in mind ALL positions would still be HEDGED, as a broad selloff WILL drag everything down with it, at least short term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For more analysis, consider joining our telegram group for trade updates and ongoing opportunities, link in my profile.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.