You can create a strategy around this if the roller-coaster keeps going, I just can't think of any earth-shaking revelations or headline risk that can derail the ride, trade safe!
Weakness in Visa and Mastercard is telling me that it is more likely that AXP will follow the group rather than the group following AXP. If you are long this may be a good place to go flat or reduce position size until we see if this plays out. This doesn't look like a candidate to go short on, at least not yet.
The fundamentals are a mixed bag on this one, but this is emerging into a clearer trading pattern. I wouldn't get too excited over this one yet because it really needs to show us a Wave 4 pullback followed by a 1 v 5 move to the upside. It is moving through each progression at a quick clip so any position either long or short needs to be nimble and well...
AXP is stuck between a rock and a hard place; losing co-branded cards and stiff competition from Visa. Their next earnings report will be the first full quarter without Costco. Should be interesting.
Lots of stored upside energy in this one. I have already picked the long side for 'pot-odds'. A reversal and pop will pay off better than a continuation of the ABC correction
Optimism over a Trump Presidency or put another way - extreme pessimism for emerging markets aka any country currently selling goods to the USA may be driving sovereigns out of our bond markets and causing overseas investments to repatriate. This is merely an attempt at an explanation, it hardly matters. The only thing that matters is time and price. Follow the...
It's all written on the chart. the Yen may continue to tank which will debunk this idea. I call out the play as TLT since it pays a dividend while you wait for a turn.