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Takeaway: Please note we are removing BYD (short) from Investing Ideas today.

"With China and Gaming stocks signaling immediate-term TRADE #oversold within their respective Bearish @Hedgeye TRENDs, I think this is a good spot to book some gains in the BYD short," writes Hedgeye CEO Keith McCullough. "It’s been a good absolute and relative short vs. both the US Consumer Sector and the broader US Equity market since we put it on. We can always come back to it at a higher price."

***No change to Gaming, Lodging & Leisure analyst Todd Jordan's fundamental short thesis on Boyd Gaming (BYD). Click here to read our analyst's original report.