‘EXIT’ Signals: Fed Ex Is Sending A Signal to “Exit” The Markets, “Twilight Zone” Pattern Is Taking Place, Russell 2000 ’s Relative Momentum Has Peaked Out’, Longtime “Deflationist” Is Now Sounding The Alarm On Inflation… Marc Faber: “Be Prepared To Lose 20 to 30 Percent… I Think You’re Lucky If You Don’t Lose Your Life…”
April 2nd, 2013
Fed Ex sending a signal to “Exit” the markets ?
Posted by Chris Kimble on 04/02/2013 at 11:44 am; This entry is filed under Federal Express, S&P 500, Transportation, Trucking.
Federal Express has been a good leading indicator for the S&P 500 over the past 10 YEARS! Back in 2002, FDX created higher lows and the SPY followed. In 2006/2007 FDX created lower highs and the SPY followed it down.
Now Fed Ex could be sending an “EXIT” signal for the markets/SPY as it hit the top of its rising channel and has been breaking down of late!
Fed Ex has been a good leading indicator at bottoms and tops. Will it be different this time???