Penn National Gaming (PENN) is rallying today but can we expect much more from the operators of casinos and racetracks? Let's check their charts.
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Aggressive trading is not inconsistent with a cautious market approach.
Among the things to watch: How Q3 demand is trending for markets such as smartphones, online advertising, streaming and e-commerce.
There is little for prudent market players to do but to stay with the trend, even if it feels silly to do so.
We will anticipate, that's how the market works. No matter how we spin it those are anticipatory moves.