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Gambling Index

The Dow Jones Gambling Index is closing in on it's 200 week SMA (a/k/a 50 month SMA) which has previously been good support in this bull market.

Some names have been punished due to tightening in China which is affecting Macau revenue.  Still, if we are still in a bull market, this is a great place to buy a few Calls and see if big investors are thinking the same thing.  If it works, you can exercise, roll forward or take profits.  If it doesn't, you lose less due to using calls rather than common.

Full disclosure I have been long LVS since recommending here in 2012 (I bought the double bottom) and intend on adding to my core position.

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