TRADING TIPS

AXP Short Trade Setup

Hubert Senters here. Let’s take a look at American Express, AXP. It is below the cloud. It’s bouncing today but is still a little depressed overall in relation to the index that it trades on in on either NYSE is what it’s listed on so you could look at either the Dow, S&P and now you can compare which one you want to sell it in there. And overall though it’s weaker than the index futures which is good if you want a short this thing. So in this little example, trade set-up I am going to walk you through. The short would be today or next couple of days stop would be around $115 to $116 whatever your call with there. Initial target would be these most recent lows around $112 and you do have a little bit of support down here at $112. You can see the sort of gaggle of previous price action back in there so around $112. If it breaks that it could drop to $107 and then back down to $102 so that is the example short trade on American Express, AXP. Mark Helweg is doing a special webinar tonight on ‘’How to Potentially Profit from Huge Market Moves without Predicting the Direction.’’ Like we have in the past two or three weeks and not having to come up with the direction because I don’t know about you but for the past two or three weeks I’ve been flat a lot because I’m going okay maybe it’s up but not this down. It’s back up, it’s back down. So he’s going to show you a way that you can potentially make some profits from these huge market moves without picking the proper direction Wednesday, October 9th at 8PM EST. Good luck. Hope it helps. And I’ll HYPERLINK you to this registration form. Hubert.  

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