{"id":8791,"date":"2010-12-09T14:53:57","date_gmt":"2010-12-09T19:53:57","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8791"},"modified":"2010-12-09T14:53:57","modified_gmt":"2010-12-09T19:53:57","slug":"how-we-found-an-important-level-lvs","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs","title":{"rendered":"How We Found an Important Level (LVS)"},"content":{"rendered":"<p>We have identified 47.50 as an important level in LVS.  Yesterday it leaked below this level and had a serious intraday downmove. \u00a0Chop! \u00a0<a href=\"http:\/\/www.smbtraining.com\/blog\/the-smb-superchop\">SuperChop<\/a>? \u00a0Today 47.50 was again an important level.  How did we find this level?<\/p>\n<p>On December 2 there was this news from briefing.com:<\/p>\n<blockquote><p>Las Vegas Sands in 8-K filing discloses that Sands China&#8217;s application for a land concession for Parcels 7 and 8 on Cotai has not been approved (47.37 -3.89) -Update : Co in an 8-K filing dicloses that Sands China Ltd, an indirect subsidiary of Las Vegas Sands, received a letter from the Macao Govt advising SCL of the following: 1) SCL&#8217;s application for a land concession for Parcels 7 and 8 on Cotai has not been approved; and 2) SCL has 15 days following receipt of the letter to apply to the Chief Executive of Macao for a review of the decision; and 3) SCL has 30 days following receipt of the letter to appeal the decision to the Macao Courts.<\/p><\/blockquote>\n<p>Bad news in a growth region, Macao, in a stock that has run up from 15 created weakness in LVS.  How low would LVS go?  During this time of uncertainty we can learn where big players are willing to support a stock.  This can clarify important levels for us as traders.<\/p>\n<p>Right after this breaking news 47.50 showed significant support.  LVS could not trade below this price, yet could every other in its way.  AND as Adam Grimes of SMB Blog often writes LVS rejected this 47.50 price.  By rejected we mean it moved away from 47.50 quickly and decidedly.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-8794\" title=\"lvs level created\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png\" alt=\"\" width=\"300\" height=\"192\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created.png 840w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>So we had our level of 47.50 from this day of breaking news, confirmed by price rejection and an inability to trade below this one price.<\/p>\n<p>The last two trading days we have used this level to place excellent risk\/reward shorts.<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-short-yest.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-8792\" title=\"lvs short yest\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-short-yest-300x194.png\" alt=\"\" width=\"300\" height=\"194\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-short-yest-300x194.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-short-yest.png 836w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/short-lvs-today.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-8793\" title=\"short lvs today\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/short-lvs-today-300x192.png\" alt=\"\" width=\"300\" height=\"192\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/short-lvs-today-300x192.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/short-lvs-today.png 839w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Mike Bellafiore<br \/>\nAuthor, <a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=tmm_hrd_title_0\">One Good Trade <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have identified 47.50 as an important level in LVS. Yesterday it leaked below this level and had a serious intraday downmove. \u00a0Chop! \u00a0SuperChop? \u00a0Today 47.50 was again an important level. How did we find this level? On December 2 there was this news from briefing.com: Las Vegas Sands in 8-K filing discloses that Sands China&#8217;s application for a land &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,10],"tags":[1512,1377,1500,4674,1376,190,18,1193,653,1354,1349],"class_list":["post-8791","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-mike-bellafiore-bellas-blogs","tag-important-level","tag-l","tag-lvs","tag-one-good-trade","tag-p","tag-short","tag-smb-capital","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How We Found an Important Level (LVS) | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How We Found an Important Level (LVS) | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We have identified 47.50 as an important level in LVS. Yesterday it leaked below this level and had a serious intraday downmove. \u00a0Chop! \u00a0SuperChop? \u00a0Today 47.50 was again an important level. How did we find this level? On December 2 there was this news from briefing.com: Las Vegas Sands in 8-K filing discloses that Sands China&#8217;s application for a land ... Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\" \/>\n<meta property=\"og:site_name\" content=\"SMB Training Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smbcap\/\" \/>\n<meta property=\"article:published_time\" content=\"2010-12-09T19:53:57+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png\" \/>\n<meta name=\"author\" content=\"Bella\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:site\" content=\"@smbcapital\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bella\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\"},\"author\":{\"name\":\"Bella\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\"},\"headline\":\"How We Found an Important Level (LVS)\",\"datePublished\":\"2010-12-09T19:53:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\"},\"wordCount\":306,\"commentCount\":6,\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png\",\"keywords\":[\"important level\",\"l\",\"LVS\",\"One Good Trade\",\"p\",\"short\",\"smb capital\",\"trader education\",\"trader training\",\"trading coach\",\"trading mentor\"],\"articleSection\":[\"General Comments\",\"Mike Bellafiore's (Bella's) Blogs\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\",\"name\":\"How We Found an Important Level (LVS) | SMB Training\",\"isPartOf\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png\",\"datePublished\":\"2010-12-09T19:53:57+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created.png\",\"width\":\"840\",\"height\":\"538\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.smbtraining.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How We Found an Important Level (LVS)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#website\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"name\":\"SMB Training Blog\",\"description\":\"Lessons from the trading desk\",\"publisher\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#organization\",\"name\":\"SMB Training\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"contentUrl\":\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png\",\"width\":230,\"height\":81,\"caption\":\"SMB Training\"},\"image\":{\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/smbcap\/\",\"https:\/\/x.com\/smbcapital\",\"https:\/\/www.youtube.com\/user\/smbcapital\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161\",\"name\":\"Bella\",\"description\":\"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.\",\"sameAs\":[\"https:\/\/www.smbtraining.com\/blog\/bellas-blog\"],\"url\":\"https:\/\/www.smbtraining.com\/blog\/author\/bella\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How We Found an Important Level (LVS) | SMB Training","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs","og_locale":"en_US","og_type":"article","og_title":"How We Found an Important Level (LVS) | SMB Training","og_description":"We have identified 47.50 as an important level in LVS. Yesterday it leaked below this level and had a serious intraday downmove. \u00a0Chop! \u00a0SuperChop? \u00a0Today 47.50 was again an important level. How did we find this level? On December 2 there was this news from briefing.com: Las Vegas Sands in 8-K filing discloses that Sands China&#8217;s application for a land ... Read More","og_url":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs","og_site_name":"SMB Training Blog","article_publisher":"https:\/\/www.facebook.com\/smbcap\/","article_published_time":"2010-12-09T19:53:57+00:00","og_image":[{"url":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png","type":"","width":"","height":""}],"author":"Bella","twitter_card":"summary_large_image","twitter_creator":"@smbcapital","twitter_site":"@smbcapital","twitter_misc":{"Written by":"Bella","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#article","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs"},"author":{"name":"Bella","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161"},"headline":"How We Found an Important Level (LVS)","datePublished":"2010-12-09T19:53:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs"},"wordCount":306,"commentCount":6,"publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png","keywords":["important level","l","LVS","One Good Trade","p","short","smb capital","trader education","trader training","trading coach","trading mentor"],"articleSection":["General Comments","Mike Bellafiore's (Bella's) Blogs"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs","url":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs","name":"How We Found an Important Level (LVS) | SMB Training","isPartOf":{"@id":"https:\/\/www.smbtraining.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage"},"thumbnailUrl":"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created-300x192.png","datePublished":"2010-12-09T19:53:57+00:00","breadcrumb":{"@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#primaryimage","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/lvs-level-created.png","width":"840","height":"538"},{"@type":"BreadcrumbList","@id":"https:\/\/www.smbtraining.com\/blog\/how-we-found-an-important-level-lvs#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.smbtraining.com\/blog"},{"@type":"ListItem","position":2,"name":"How We Found an Important Level (LVS)"}]},{"@type":"WebSite","@id":"https:\/\/www.smbtraining.com\/blog\/#website","url":"https:\/\/www.smbtraining.com\/blog\/","name":"SMB Training Blog","description":"Lessons from the trading desk","publisher":{"@id":"https:\/\/www.smbtraining.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.smbtraining.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.smbtraining.com\/blog\/#organization","name":"SMB Training","url":"https:\/\/www.smbtraining.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","contentUrl":"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2022\/07\/Logo-e1658419502954.png","width":230,"height":81,"caption":"SMB Training"},"image":{"@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/smbcap\/","https:\/\/x.com\/smbcapital","https:\/\/www.youtube.com\/user\/smbcapital"]},{"@type":"Person","@id":"https:\/\/www.smbtraining.com\/blog\/#\/schema\/person\/80500a901d0e5ce0a27fa996bb1b9161","name":"Bella","description":"Mike Bellafiore is a co-founder of SMB Capital, a day trading firm which takes great pride in its exceptional training program. SMB Capital is an equity prop trading desk that trades on 5th Avenue in New York City. Mr. Bellafiore is a graduate of the University of Connecticut School of Law. He has traded professionally for more than a decade.","sameAs":["https:\/\/www.smbtraining.com\/blog\/bellas-blog"],"url":"https:\/\/www.smbtraining.com\/blog\/author\/bella"}]}},"_links":{"self":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/8791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/users\/144"}],"replies":[{"embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/comments?post=8791"}],"version-history":[{"count":0,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/posts\/8791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/media?parent=8791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/categories?post=8791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.smbtraining.com\/blog\/wp-json\/wp\/v2\/tags?post=8791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}