Taking profit on Sands China

January had been a fantastic month for the stock market. The Dow Jones Industrial index rallied approximately 4% in this month alone.

We believe the Dow will hit strong resistance nearing the 12880 level and we’re expecting the market correct. The Euro crisis isn’t solved so there should be limited upside potential from here on.

Sands China has hit the top resistance line in our uptrending channel. We believe it is time to take our profit and wait for the stock to correct. The longer term target is still holding this stock till the opening of their casino in end 3Q.

Sell Sands China @ $26.20.