The Uptrend on American Express

American Express is adding to their reserves for low losses okay so they kind of see some of the storm clouds that some of the other lenders and again you know at a kind of lower let's say quality you know price point or credit. The fundamentals haven't changed the company actually put up a pretty decent report and it just kind of shows you a lot of this is positioning a lot of it's set up I look at the uptrend that's been in place today It held that it bounced off it bouncedoff it's 200 a so maybe it continues to be a constructive techno chart but fundamentally I want to keep an eye on this thoughts on some of the headlines by American Express.