Posts Tagged by fedex as a market indicator

Watch Fedex for Confirmation of Renewed Downtrend

The DJIA closed Thursday at 10,271.21, down 1.39%  .   The Dow does have almost 600 points to drop before it confirms a downtrend – 9,620.   Although, a drop below 10,000 is the early (less viable) signal.   The S&P 500 is very close to a prior low, and a drop below it indicates broad…