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Text-book ellipse breakout with expanding volume, what a beauty! Huge upside potential, $PENN is looking wonderful too. Yeah I said it....ellipse breakout!!

I really like to see the kind of wide agreement we are seeing in price action among the gaming stocks. I'm not yet willing to buy into this but am feeling a blast to the upside coming especially with the big inverted head and shoulders in motion.

LVS faded on Thursday, Gapped up on Friday above resistance but also faded (possible dead cat bounce). Will watch this week to see if LVS retests resistance and pushes through or rolls over and heads lower.

Casinos ready for big move

Looking to long 435-430 if this scenario unfolds

Long over 21.70 via Dec 22-24 calls. Earnings coming up next week. Will trim half prior.