United Parcel Service is a key global economic bellwether since contracts, parts and products all need shipped. The broad stock market is in a cyclical bull market pattern if the 20-week MA is above the 50-week MA on the UPS chart and in a cyclical bear market if the 20 is under the 50. As seen above, the bulls and bears are fighting this one out for months; for over one year!. The UPS 20-wk MA is under the 50-wk MA signaling a cyclical bear market pattern ahead for the stock market.
If you are a longer term trader, you need to follow the 150-day MA slopes for the SPX, INDU, COMPQ and RUT, the UPS 20/50-week MA cross, the SPX 12-month MA cross and the NYA 40-week MA cross to figure out the cyclical market path ahead. All seven indicators are charted this evening so scroll back to review the charts or type the ticker symbol into the search box at the right to bring up the chart.
The SPX, INDU and COMPQ 150-day MA's are sloping higher, the SPX is above the 12-month MA and the NYA is above the 40-week MA all cyclical bull market signals. The RUT 150-day MA is sloping negatively and the UPS 20/50 cross is negative maintaining cyclical bear market signals. When all seven of these signals are in the same camp, you will be completely sure that stocks have chosen that direction forward for the weeks and months to come. 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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