If you have used Fedex's services, you will know they offer fast delivery. The recent surge in its price is telling us that we should be bullish. Postal company or companies that transport goods all over the world can be used to gauge the health of the world economy.
If these transport companies rises, it means the world's economy is growing. And that will be good for the world's stock market.
As you can see from the monthly charts above, a rising Fedex stock price is good for the world markets.
The simple reason behind this is when businesses and economy are getting better, they use more of Fedex. And the more customers Fedex have, the more profit Fedex will have. That in turn will be reflected into a rising stock price.
Therefore, the intermarket analysis principle here is this:
A surging Fedex stock price shows us that the world economy and US economy is growing. A declining Fedex stock price will hint of a slowing world economy and US economy.
Charts with the Freestockcharts.com label are courtesy of Freestockcharts.com
Charts with the investing.com logo are courtesy of Investing.com powered by Trading View
May 06, 19 06:04 AM
Technical analysis of the US stock market with coverage of futures.
May 06, 19 05:46 AM
Step by step technical analysis of the KLCI Malaysian stock market.
Apr 22, 19 06:55 AM
A technical analysis of the US stock market. I go through the major indices of the US market and see where it is likely to go.
Apr 22, 19 06:47 AM
Technical analysis of the Hang Seng. Learn how the Hong Kong stock market is doing and where it is likely to go.
Apr 22, 19 06:36 AM
Technical outlook for Malaysia's biggest market cap stock.