Trading this week has been somewhat uncharacteristic of late August trading, with action and volatilty coming into the market. The trade that has stood out this week has been AIG. Although we talked about a possible short earlier in the week, if you were listening on the radio, we never entered the position after the stock once again looked strong. Each time AIG has broken a level, it has exploded and not looked back. Keep your eye on it for further upside action, but especially look for clues for when the reversal will come, because it will provide a good measured trade for us.
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