Thursday, July 23, 2015

UPS United Parcel Service Weekly Chart 20/50-Week MA Cross Signals Cyclical Bear Market

Shippers UPS and FDX are key economic bellwethers. Parts for manufacturers, products and goods for stores and paper contracts for business deals are all delivered by the guy in the brown truck sporting brown short pants. One of Keystone's cyclical market indicators is the 20/50-week MA cross on the UPS chart. The stock market falls into a cyclical bear market starting 11 weeks ago with the 20-wk MA failing under the 50-week MA signaling trouble ahead for equities. Stocks, however, continue to make or hover at new all-time record highs which verifies the power of the global central bankers and their sick money-printing schemes.

Price is under the 20-week MA so this will drag the 20 lower increasing the divergence away from the 50-week MA creating further market negativity. Bulls need to push UPS price higher pronto, otherwise, the six-year bull market orgy is at an end. As long as the 20 remains under the 50, the expectation is for a weaker stock market going forward for weeks and months to come and perhaps longer. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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