Update: Dec. 4 2013

Status: Stop Hit – FLAT

The stop loss on the WYNN short position was hit at 3:20 PM today.  Total loss was the percentage of the stop loss which was set at 3%.   Today is a POMO day and markets as a whole appear to have new legs.  As well, bullish news was released out of Macau today and all international gambling stocks are getting a lift.

Update: Nov 24 2013

Signal: Continue SHORT @ $163.30

Stop: $168.20

WYNN declined immediately after the initial sell signal on Nov. 18.  While the market appears to be enjoying WYNN fundamentals (casino operations in Macau), the stock has hit just below analyst consensus of $179, has run into hurdles in their expansion plans for Japan{.broken_link}, and has recently been the target of a legal probe.  Price has paused in the center of an up channel from April, and the Intellikon proprietary indicator is showing a bearish trend.  Further gains appear unlikely in the near term.

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**11-18-2013 3:20PM

**

Signal: SHORT @ $163.30

Stop: $168.20

New Sell signal on WYNN with an entry price of $163.30 and a 3% stop of $168.20.  Subscriber portfolio has been updated.