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Wednesday, January 4, 2012

MA relative weakness

Mastercard's relative weakness was pretty obvious yesterday, and it is continuing today.  Early this morning we may have found our reason.

China is building their own payment network. (MA was also downgraded today.)

MA's long-term trend is still very much intact.

A trading opportunity seems to be developing near the 62SMA. (A tight stop just below 355 is prudent. If it breaks the 62SMA, it may push towards 340.

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