Potential trade setup for FedEx

By | 10/15/2024

One of the best stocks to gauge the health of the economy is FedEx. If the demand for transportation increases then it’s a sign that businesses are growing, e-commerce is expanding, and the overall US economy should be in good shape. This is why I occasionally pull up FedEx stock to see what it’s doing. Well recently I… Read More »

Expect more rate cuts from the BoC

The Bank of Canada has two more interest rate announcements this year. One later this month and another in December. Although the U.S. economy has recently showed signs of strength, the BoC has said it is willing to diverge from the Federal Reserve on monetary policy when Canadian economic conditions warrant it. We know that the Canadian unemployment… Read More »

US Stocks Seem Extremely Overbought

The S&P 500 continues to reach new highs on a weekly basis. But a major top could be forming right now. One of the most reliable indicators to anticipate market tops and bottoms has been the bullish percent index. The BPI is a breath indicator that uses a point & figure chart to determine when markets are overvalued… Read More »