Two Charts: Check Out The Action…

Nice topping tail on AXP yesterday. Insane run and with a now (expected) slowing economy, likely a reason for a downtrend to begin. Target $152. Note the chart…

 

Image

 

Did solid buying today in names like $TAL $IQ $TME $BIDU $BABA, $YY as the China panic has reached a fever pitch (just listen to Cramer this morning). Love seeing this potential bottoming tail forming on $KWEB. Still risky, but with overall small positions in the portfolio. Note the chart…

 

Image