$FedEx(FDX.US)$ Rebound or Breakdown? The long-term technical picture for FDX is looking quite appealing. The price action has been almost perfectly following the support and resistance of the price channel seen in the chart below. If this trend continues, then we will see a rebound in the charts very soon and a long position could be a good idea. If we don't see a rebound at support and the price action makes lower lows, then a long position might be a bad idea at that...
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ThirtyOne :
I haven’t. I also have never really considered or thought about it. I definitely need to add FedEx and UPS to my list.
SpyderCallOPThirtyOne:
there are a lot of transportation/shipping companies that are solid long-term investment choices. Especially FedEx. When you think about it, transportation companies are like the life blood of a growing economy. I mean, goods and services in an economy must be transported from point A to point B. So following transportation companies are a good gauge into the health of an economy. That is why the dow jones transportation average is a good indicator of the health of the US economy.
ThirtyOneSpyderCallOP:
I completely agree 100%. Definitely something I will add to my long term accounts at the right time. I’m about to look at these charts now.
- RELEASE THE BULLS - Today is HUGE!!! and this might be the most critical post I make... Yesterday was great, one of my best (and that is saying something). But... "That was then. This is now. Nobody knows what tomorrow will be. That's the way it is, whether we like it or not." "Sam, l really worry about you sometimes." "Alright cut the malarkey. This trip is strictly business. What do you got on iam?" "Well, he was arr...
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iamiamOP :
so exited but now this will probably disappoint "Life is so constructed, that the event does not, cannot, will not, match the expectation"
Alright, Alright, Alright "That's what I love about these markets, man, I get richer, and they stay the same markets" today is going to be HUGE, I hope! Wednesday ran up a lot higher than I expected, again Nasdaq outperforming the other indexes. Here is my theory on the CPI release - I think inflation shows a decline, I would say a strong decline, but they revised the expectations down (they expect CPI numbers to be way down, i dont like this revision as it makes...
Hey, mooers! Here are things you need to know before the opening bell: - Stock futures rose Tuesday morning, putting the major averages on track to build on the previous session’s gains, as traders awaited key economic data. - President Biden released a $5.8 trillion budget that envisions a substantial increase in defense spending, including aid to Ukraine, a sign of the administration's willingness to devote additional res...
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BullRunner :
Nice!n Thanks MooMoo for the Awesome T-Shirt!
House Democrats have proposed a tax hike on tobacco and nicotine to help fund their $3.5 trillion spending plan. Opponents say the measure may violate President Joe Biden’s pledge not to raise taxes on Americans making less than $400,000 per year. The tax may bring in more than $96 billion over the next decade, but it may be a “risky” source of revenue, policy experts say.$Nasdaq Composite Index(.IXIC.US)$$S&P 500 Index(.SPX.US)$$Dow Jones Transportation Average(.DJT.US)$
ThirtyOne : I haven’t. I also have never really considered or thought about it. I definitely need to add FedEx and UPS to my list.
MonkeyGee : This is a good one. wish I caught it earlier
SpyderCallOP ThirtyOne: there are a lot of transportation/shipping companies that are solid long-term investment choices. Especially FedEx. When you think about it, transportation companies are like the life blood of a growing economy. I mean, goods and services in an economy must be transported from point A to point B. So following transportation companies are a good gauge into the health of an economy. That is why the dow jones transportation average is a good indicator of the health of the US economy.
SpyderCallOP MonkeyGee: I think there is still more time for this trade to play out.
ThirtyOne SpyderCallOP: I completely agree 100%. Definitely something I will add to my long term accounts at the right time. I’m about to look at these charts now.
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