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dkh
Dec 2, 2016 11:34 PM

Is AXP being sent to the Chop Shop? 

American Express CompanyNYSE

Description

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.
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