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Friday brought more positive news on the inflation and economic front. Expectations for consumer inflation in June dropped, with one-year estimates for price pressures falling to 3.3% from 4.2% in May. The headline reading from the University of Michigan Survey of Consumers clocked in at 63.9, beating Dow Jones' estimate of 60.2.

That wasn't good enough to halt a stock selloff, though, as Las Vegas Sands (NYSE: LVS) joined in. The stock closed below its minor bullish trend (yellow trendline) and 10-day moving average this afternoon after setting a lower high.

The stochastic indicator suggests that LVS has plenty of room to run lower, too.

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Do not act on any opinions expressed in this video. This is NOT financial advice. These are strictly personal opinions presented by Remington Publishing representatives. Past performance is not indicative of future results. Always do your own research and consult a financial advisor before investing.