Update

{+++}Guys, I have lightened up financial longs here for now, the weight from the administration on the financial regulation talk is getting heavy. Obama speaks at 11:40, please tighten stops here. Cancel AXP buy for now. Goldman reversed on this news as 65% of their revenue comes from proprietary trading, this could be a sea change in the financials and bad for the banks. Things could change after the speech for the worse.

You can leave stops where they are or raise if you like.

Joe

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