While we’re waiting for this bear market rally to roll over and you’re looking for a hot sector to play intraday, keep your eyes on Sin City. I just wouldn’t advise locking yourself into a position for a number of days or over the weekend because you never know what meddling the government might come up with to send the markets in a tailspin.
But if you’re looking for stocks that are running on pure momentum that you may be able to squeeze a few % points out of intraday, gambling stocks have been on a tear and are obviously under some accumulation. Other charts in this sector are WYNN MGM ASCA. MCRI alone was up 34% today!They say that gambling is a recession proof business.
