Las Vegas Sands Fades From High

Las Vegas Sands Corp. (NYSE:LVS) has sold off a little from it’s intra-day high made at the open. As I write this the stock is bouncing with the S&P 500 Index. However, should the stock decline or pullback during the session the $43.00 area should be short term intra-day support. The next intra-day support level that traders must watch would be around the $42.45 area. Both levels could see small intra-day bounces.

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Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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