This video highlights some significant developments & divergence between the US stock market & the transportation sector. Both the near-term & intermediate-term outlook for the stock market & the transportation sector are covered in this video. The total run time for the video is 22 minutes however, you have the option to increase the playback [...]
UPS (United Parcel Service) was pointed out as a potential short a few weeks ago when the FDX short trade hit its price target. UPS has clearly broken down below support today & will likely see one or both of these support levels (88.60 & 81.90) in the coming weeks/months. While one could [...]
the following trades were stopped out last week: IMOS, BBBY, INTC, SPG, IYR/SRS, XLK, UPS, LSI. i'm still watching some of these, particularly SPG and IYR for re-entries.
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 [...]
earlier today, i mentioned how several key sectors have already broken down from bearish patterns while the broad market pushes onto new highs (another sign that the uptrend may be in jeopardy). i posted all three of these charts a few weeks back and a couple of them had fake-downs (false break-downs that quickly moved [...]
just a quick update on some of the recently posted trades ideas. i will update some of the charts later this evening but you can enter any symbol below into the search bar towards the upper right-side of the page to view the most recent post with charts/notes on the trade or set-up listed below: [...]