r3anand

Calling the top in the shipping industry (UPS, FedEx, STMP)

Short
NYSE:UPS   UNITED PARCEL SERVICE INC
In this video I've shown 3 independent forms of technical analysis that make a strong case that the top is already in for these 3 stocks ! In general, I'm bearish the overall market so wouldn't be surprised to see these correct significantly.

Let me know what you guys think ! Always open to comments and critiques.

Comments

thank you - really appreciate the way you explain your plays.
+1 Reply
r3anand Almtl
@Almtl, you're welcome !
Reply
Thanks for sharing your ideas!
+1 Reply
r3anand zunajev
@zunajev, glad to help !
Reply
Thanks for your 3 independent forms of technical analysis video.
+1 Reply
r3anand EricKam
@EricKam, most welcome !
Reply
What are your thoughts on the action since you posted end of Aug?
Reply
r3anand bmiller039
@bmiller039, Fedex did end up moving little higher from the time the video was posted but UPS has essentially been flat for a month (when u see it as weekly candles). i had bet against UPS so still holding that position. As far as it goes about FDX, its in a key resistance area so i would be SHOCKED if this 240-250 level is broken. It is extremely overbought and makes for a good short. Of course, thats not investment advice :)
About the 3rd company STMP, its fallen quite a bit so shorting wouldnt make too much sense and i most definitely wouldn't go long right now either so just ignore that stock.
Reply
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