At least 121 million Americans have at least one credit card. Given the disruptions from Hurricanes Harvey, Irma and Maria, and the wildfires of California, credit card defaults will likely rise in the fourth quarter. There are ways to freeze or relieve credit card debt, but asking for help will lower your credit scores, which tightens your cost by raising the rates you pay on debt obligations. With overall household debt at a record $12.84 trillion at mid-year, credit card debt is just a faction of this total. Here’s how to trade the “too big to fail” money center banks based upon weekly charts and key technical levels.

Source: Forbes November 06, 2017 15:11 UTC