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Fedex tests double top neckline
Bellwether transport stock Fedex recovered above the neckline at $88, after completing a double top reversal, but continues to test support at that level. Reversal below $88 would confirm a primary...
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Fedex
Bellwether transport stock Fedex continues to test support at $88, the neckline for a double top reversal. Long tails on the last two candles suggest short-term buying pressure, but bearish divergence...
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Fedex double top
Bellwether transport stock Fedex is consolidating in a narrow band above the neckline of a double top reversal at $88. Follow-through below $85 would confirm a primary down-trend, warning of a...
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Fedex threatens support
Bellwether transport stock Fedex completed a double top reversal, with a break of the neckline at $88, and is now consolidating between $85 and $90. Retreat of 63-day Twiggs Momentum below zero warns...
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FedEx Signals Freightload of Economic Woe – WSJ.com
Air-freight competitor UTi Worldwide, which recently reported results, sounded a note of caution about business in coming months. And April data on volumes from FedEx, the latest available, suggest a...
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US: Wait for Nasdaq confirmation
The S&P 500 closed above medium-term resistance at 1360. I am normally wary of quarter-end prices moves as fund managers have a vested interest in boosting their performance bonuses. But the...
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S&P 500 and Nasdaq remain bearish
The S&P 500 remains in a slow up-trend as indicated by narrow oscillation of 63-day Twiggs Momentum above zero. A fall below zero, or downward breakout from the trend channel would warn of another...
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S&P 500 and Nasdaq bearish divergence
The S&P 500 Index continues to test resistance at 1420. Bearish divergence on 21-day Twiggs Money Flow warns of medium-term selling pressure. Expect a test of the lower trend channel; reversal...
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FedEx First-Quarter Earnings View Citing Weak Global Economy – WSJ.com
FedEx Corp. FDX -0.10% on Tuesday said a sharp decline in manufacturing activity would harm its profits this year, a sign of how declining Chinese output is ricocheting across economies around the...
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Earnings Outlook in U.S. Dims as Global Economy Slows – NYTimes.com
By NELSON D. SCHWARTZ The boom in American corporate profits, which has far outpaced the gains in the broader economy since the end of the last recession, is faltering. Giants like FedEx and Intel, two...
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US: Fedex warns of declining activity
Bellwether transport stock Fedex fell hard in the last week, testing support at $84. Breakout would confirm the primary down-trend signaled by 63-day Twiggs Momentum below zero. A down-trend on Fedex...
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US: Buying pressure easing
The September Quarter has ended, bonuses have been determined, and buying pressure is now likely to ease. The S&P 500 is testing resistance after breaking support at 1450. Bearish divergence on...
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US & Asia: Contrasting economic activity
While Fedex broke through long-term resistance at $100, signaling rising activity in North America…. The Harpex index of container shipping (charter) rates, primarily for movement of finished goods, is...
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S&P 500 rising while gold and bond yields fall
The S&P 500 is set to break resistance at 1600, which would suggest an advance to 1700, but expect a correction to test the new support level before the quarter ends. Troughs above zero on 13-week...
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S&P 500 and Treasury yields surge
10-Year Treasury yields rallied sharply on Friday, breaking the new resistance level at 1.70%. Follow-through above 1.80% would confirm the decline is over, signaling another test of resistance at...
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VIX low S&P 500 high
The VIX CBOE Volatility Index is below 15%, indicating investor confidence. But the risk premium on Baa-grade bonds (Moody’s lowest investment grade, compared to the 10-year Treasury yield) remains...
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Bellwether Fedex suggests improving economy
Bellwether transport stock Fedex displays a healthy primary up-trend on the monthly chart, suggesting that economic activity is improving. Bearish divergence on 13-week Twiggs Money Flow warns of...
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Transport: Fedex improving outlook
Bellwether transport stock Fedex has risen dramatically in recent weeks, reflecting the improving outlook for economic activity. UPS has enjoyed a similar surge, as has Deutsche Post AG (which owns...
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S&P 500 and Nasdaq bouyant
The S&P 500 is advancing strongly but expect some resistance at the target of 1800*. Penetration of the descending trendline on 13-week Twiggs Money Flow suggests that selling pressure is easing....
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Bullish outlook despite retracement
Dow Jones Industrial Average retraced to test short-term support at 16000. Breach would suggest a correction to test the rising trendline at 15500. Mild bearish divergence on 13-week Twiggs Money Flow...
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