Don't Bet On Casinos

Las Vegas Sands (LVS) and other casino & resort stocks soared off the 2008/2009 lows but have not been able to extend those gains the last few years while the broad market has. The weakness they have displayed since 2018, including the bounce off the December lows, show signs that they are about to go on a full "tilt". In the video below we look at the charts for LVS, as well as MGM Resorts (MGM), Wynn Resorts (WYNN), Vail Resorts (MTN), Caesars Entertainment (CZR), Marriott Vacations (VAC), and a few others.

Video length: 00:08:45

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