Today’s Trade Idea:Adding AXP to Consumer Discretionary Shorts Watchlist (on Market Rover)
See the full position lineup of our bucket 2 swing trading portfolio HERE
See the full position lineup of our bucket 3 investment portfolios HERE
Please join the Inner Circle and Market Rover conversation in our members Slack chat room
Adding AXP to Consumer Discretionary Shorts Watchlist (on Market Rover)
As we continue to hear more of consumer debt piling up and excess savings being spent and delinquency rates rising, shares of American Express (AXP) are an interesting area to focus on.
AXP shares recently flipped from bullish trend on the Market Rover back to neutral and could soon turn bearish trend.
As a result, today we added AXP to the consumer discretionary shorts watchlist on the Market Rover.
Note that this is not an actionable trade alert to sell/short AXP just yet however.
We are on swing trading hold this morning to see how markets want to react to the August payrolls numbers.
Today’s Trade Idea: Adding AXP to Consumer Discretionary Shorts Watchlist (on Market Rover)
See the full position lineup of our bucket 2 swing trading portfolio HERE
See the full position lineup of our bucket 3 investment portfolios HERE
Please join the Inner Circle and Market Rover conversation in our members Slack chat room
Adding AXP to Consumer Discretionary Shorts Watchlist (on Market Rover)
As we continue to hear more of consumer debt piling up and excess savings being spent and delinquency rates rising, shares of American Express (AXP) are an interesting area to focus on.
AXP shares recently flipped from bullish trend on the Market Rover back to neutral and could soon turn bearish trend.
As a result, today we added AXP to the consumer discretionary shorts watchlist on the Market Rover.
Note that this is not an actionable trade alert to sell/short AXP just yet however.
We are on swing trading hold this morning to see how markets want to react to the August payrolls numbers.
Chart: