TRADING TIPS

AXP Bracket Trade

Hubert Senters here. Let’s take a look at AXP. Obviously it’s American Express. Potential bracket trade could fire off as early as tomorrow. Obviously the high side did not give you an entry. And it’s still out there at $119.72 for a long. But the potential long almost I mean it touch it but it didn’t trade below it so. It depends on how you’re going to deal with that situation. Some people like to do a trade below the line. Some people like to do it close below the line. So in this situation we will probably see as early as tomorrow with a potential short at $110.32 and a potential target right here at $104.50. Mark Helweg is doing a webinar ”The Simple Way to Trade These Complex Market Conditions.” Webinar is going to take place Thursday, November 12th at noon EST. I will HYPERLINK you to the registration page. Good luck. Hope it helps. See you on the next video. Hubert.

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