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Shorting FDX

With FDX (Fedex Corp) trading down nearly 3% today, I'm guessing the initial results from Cyber Monday are less than expected. FDX will be added as an Active Short Trade here with the first & final target of T1 at 145.27. Additional targets (T2 & T3) may be extended to this trade should the broad [...]

Nov 30, 2015 3:43pm|Categories: Completed Trades - Short|Tags: |1 Comment

FDX & IYT updates

FDX has moved below the previously highlighted support level which has drawn prices on IYT below the symmetrical triangle/horizontal wedge-type pattern.  as today is OpEx, i'm not reading too much into these breakdowns yet although i do believe that they warrant monitoring next week.  keep in mind that although i do expect both FDX & [...]

Sep 21, 2012 1:50pm|Categories: Equity Market Analysis|Tags: , |Comments Off on FDX & IYT updates

FDX at key support

this looks like an important level for an important stock to hold.  i'm not adding this as a trade idea at this time but something to keep an eye on as a solid breakdown below this support level would most likely continue to drag the transportation sector lower, reaffirming the current dow theory non-confirmation mentioned [...]

Sep 20, 2012 3:02pm|Categories: Equity Market Analysis|Tags: |Comments Off on FDX at key support

FDX final target hit

FDX hit the bottom of the T1 zone (final target) on friday and again today, providing an opportunity to book profits on the trade.  looking at the chart, i could see FDX falling all the way to those support lines below assuming T1 support breaks AND the market continues it's downtrend.  however, i am leaving [...]

May 21, 2012 12:50pm|Categories: All Completed Trades|Tags: |Comments Off on FDX final target hit

FDX update

i've been spending the morning updating the set-ups and active trades.  FDX has been an active trade since breaking down from this rising channel back in february and it made a perfect kiss of the top of it's target zone (T1 zone) last week.  therefore, i am moving it to the completed trades category although [...]

Apr 16, 2012 9:28am|Categories: Completed Trades - Short|Tags: |Comments Off on FDX update

USO (oil) and the transports

here are those updated charts on IYT (transports etf) as well as UPS and FDX, it's 2nd and 3rd top-weighted holdings (last chart first, today's updated charts 2nd on each symbol).  as per the last post on these 3, all three have hit their first key support areas (FDX still finding support at the bottom [...]

Feb 24, 2012 12:09am|Categories: Completed Trades - Short, Equity Market Analysis, Gold & Commodities|Tags: , , , |Comments Off on USO (oil) and the transports
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