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FDX

3/30 Watchlist + Notes SPY - Interesting day on SPY. We said yesterday that the markets could realistically go either way, but we were watching more so to the downside due to the failed 2U formed on Monday that was followed by a 2D yesterday, and having that small bearish bias by simply playing what is in front of us vs using other reasons for bias. SPY ended up gapping up premarket and closing green on the day with little to no upside wick. Based on today's movement, I believe that we will see some continuation to the upside tomorrow. With that being said, we still have the gap created in premarket to fill. I think that we will test last weeks high at 402.49 either tomorrow or Friday, but I do think that it will happen at some point sooner rather than later. I am open to playing both sides tomorrow, but it will depend on whether we break today's high and test last weeks high, or if we break today's low and try to fill that gap to the downside. It is worth noting also that we are sitting on the weekly upper trendline Final thoughts: I am forced to have a bullish bias for tomorrow, which I believe to be about 75% valid. I still think there is a chance we fill that downside gap before pushing higher Watchlist + Bias: AMD - 2-1 Daily: Neutral COST - 2-1 Daily: Neutral PFE - 2-1 Daily: Slightly Bullish GOOG - 2-1 Daily: Neutral NFLX - 2-1 Daily: Bullish JNJ - 2-1 Daily: Slightly Bullish FDX - 3-1-2U Weekly: Bullish - Today we broke out of the 3-1 weekly setup to the upside. Looking to target 226.06 Main Watch: JNJ and GOOG JNJ - Weekly chart is indicating we have hit a low and are looking to reverse to the upside soon. Going into tomorrow, I am hoping to see us continue up to the 154.13 level before hopefully taking out 154.54 GOOG - GOOG has room to both sides. There is a large FVG on both sides as well that relate to my targets for each side. To the downside, we have a daily FVG at yesterdays low of 100.28. To the upside we have a FVG starting at yesterdays high of 103.00, and I also have a target at the 50% retrace of that upside FVG at 103.87. Both of these targets are easily attainable in my opinion for tomorrow depending on which side we break out to. I don't have a bias as to which side id rather play, but I think that it will more so depend on how the markets are moving as a whole tomorrow. Remember, with these 2-1 setups, we are looking to play WITH momentum and not fight it. Yesterday's Main Watch: MRNA: (Status:) Loser (Personally Trade?) No MRNA broke yesterdays high within the first 5 minutes of market open, which is not what we were looking for. We were looking to play downside only, and because of this movement, we did not enter. It is worth noting that both times MRNA broke yesterdays high, it was almost immediately shot back down, which shows that we would have gotten smoked if we tried playing upside. This is a good example of why we look at longer time frames like the weekly and monthly to develop a bias, and then stick to that bias. Watchlist Stats For The Week: 2/3 on SPY predictions 2/3 on Main Watch Plays Top Winner: NVDA (75%+) Personal Stats: 4/6 For The Week: Overall Green/Red?: Green (Day and Week)
AMEX:SPY
by Alanger17
3/29 Watchlist + NotesSPY - I had no real bias going into today's session other than mentioning last night that downside was more likely to come today because of the failed 2U daily created on monday. We closed slightly red after seeing a decent drop to the high 393 area, forming a weak bearish 2D. Going into wednesday (3/29), I am hoping to see some downward continuation to the 392/390 levels tomorrow to test that range. Key word is hoping. I remain neutral with my personal bias as we have no real clear direction this week still. Given that we closed very weak to the downside leads me to believe we can ultimately go either way tomorrow, but once again, playing what is in front of us I have to be looking more so to the downside. Watchlist + Bias: DIS - 2-1 Daily: Slightly Bullish MRNA - 2-1 Daily: Bearish. PEP - 2-1 Daily: Bearish FDX - 3-1- Weekly: Neutral Main Watch: MRNA - Back in our main spotlight for the 2nd time this week is MRNA. There is a 2-1 daily setup that is within a bearish week with a lot of room to the downside due to a huge FVG on the daily. Looking to target Monday's low of 145.36 and the 50% retrace point of the original FVG at 144.72. Will only play downside and not upside if markets pump tomorrow Also heavily watching FDX still as the 3-1 weekly has not broken out yet. Hourly chart stuck in a flat channel currently just consolidating. Yesterdays Main Watch: NVDA - (Status:) Winner (Personally Enter?) No I mentioned we had downside targets and that I wanted to play with markets momentum. I missed entry due to being in class and not being able to trade, but I saw how it played out. Broke short entry level in the first few minutes of market open and dumped past our 260 target to the mid 258 level. Cons ran a little over 75% from entry and realistically I would have caught the full move due to the dump being so consistent and strong before reversing. Watchlist Stats For The Week: 2/2 On Spy Predictions 2/2 On Main Watch Plays Top Winner: NVDA (75%+) Personal Stats: 3/5 for the week. Overall Green/Red? Green
NASDAQ:MRNA
by Alanger17
FedEx looking for a psychological support.FedEx Corporation - 30d expiry - We look to Buy at 199.22 (stop at 188.73) Traded to the highest level in 22 weeks. Trading close to the psychological 200 level. Levels below 200 continue to attract buyers. We are trading at overbought extremes. A lower correction is expected. The sequence for trading is higher highs and lows. Our profit targets will be 225.48 and 229.48 Resistance: 217.39 / 225.00 / 230.00 Support: 209.19 / 200.00 / 192.81 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FDXLong
by VantageMarkets
FDX Price Analysis (Short to Long Trade Idea) FDX Analysis: On Feb 16th Sep. 2022, FDX sold off massively to create a huge gap ranging from $164.36 to $201.93. Before beginning a move back to the upside to fill this gap, FDX first dropped to a major demand zone at $132.83 - $141.26 which was also in confluence with the monthly chart 200 MA/EMA. It then ranged between $147 - $160 from the beginning of October to the beginning of November before finally breaking the 164.36 mark to begin the larger gap fill between $164.36 - $201.93. After the breakout, FDX began to consolidate in a rising wedge while partially filling the gap midway before rejecting the weekly 20EMA at 182.40. As of now, FDX has broken below this rising wedge and is retracting to retest lower timeframe supply area to either create a head and shoulders pattern or maybe even a close double bottom (lower higher). Dec 9th, 2022 daily candle attempted to test this area and rejected it while also rejecting the 9EMA on the daily. Trade Idea: We are watching for a small move up to retest the supply area, hopefully getting a touch of the support line (short green line) at the rising wedge to show that it has turned resistance (Note: This area of interest is marked by the red circle). This would be ideal because we would get a better entry closer to the stop loss with more confirmation and a better risk/reward. Just in case, watch for a continued move down below $170.08. We are looking to enter a short term put swing to target to the support area between $161.80 - $164.36 and the intermediate uptrend line (larger green line) for a take profit (NOTE: This take profit area is marked by a yellow circle. After this play, we are watching to see if we can get confirmation for a bounce at this area for a continuation not only to the upside to fill the rest of the gap between $182.40 - $201.93 but to also get a 5th touch of the major downtrend area (large downward slanted red lines). So basically that will possibly be another trade opportunity in the near future. SN: FDX has earnings on Tuesday, Dec 20th 2022 which would we be key in the watch the reaction at that support zone (green area below rising wedge) and intermediate uptrend (upward slanted green lines). ALSO NOTE, there is a strong resistance/supply area above between $189.30 - $195.33 which is a crash course with the 200MA/EMA on the daily timeframe. This could be where we see price meet supply, the 200MA/EMA, and the major downtrend area (large downward slanted red lines).
NYSE:FDX
by Stockstradamus_
1
FEDEX - BEARISH SCENARIOWeakened business outlook, operational inefficiencies, and worsened macroeconomic environment are among the reasons for the selloff of the delivery giant. Although FedEx is the world's largest cargo airline and a major provider of parcel delivery services the near-term future is fulfilled with uncertainties New shorts are coming and a test to the major support level of $178-$180. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NYSE:FDXShort
by legacyFXofficial
FEDEX SHORT (FDX SHORT) :(Hello, I have explained many things about the recession in my idea about the world crisis of 2023. And other articles such as the OIL SHORT, or THE BITCOIN CRASH (I will leave all these ideas linked.) But here I want to delve deeper into supply chains. I'm here again to show you a SHORT idea against FedEx , that company that is in the middle of all the orders in the world. What would we do without transportation chains? They are always in the middle of "customers", "retailers", manufacturers" and "suppliers". Transport chains like FedEx are very necessary, since without them the orders could not be transported. Now the words: "customers", "retailers", manufacturers" and "suppliers". Sounds me as a special effect, THE BULLWHIP EFFECT. You know, the BULLWHIP EFFECT, as the name suggests: "bullwhip", with a small change in the "whip", could cause devastating effects in the "whiplash". I recommend to search on Google about the Bullwhip Effect, there are nice videos on YouTube. The bullwhip effect in demand forecasting arises when each channel member forecasts demand based on information derived from the ordering patterns of an immediate inferior member. It basically consists in that consumer demand does not present significant fluctuations, while inventories reveal important changes, showing a decrease or excess in stock levels. If, in the different links of the supply chain, they do not handle constant and true information on their inventories and consumer demand for their products, the bullwhip effect gains strength, generating an excess of safety stock, which, as is known, radically increases the cost. , the end product. What are the causes of this effect? Lack of information between suppliers and intermediate buyers. Management without order in production orders, generating volatility in shipments. Possible periods without demand for the goods. Possibilities of obtaining wholesale discounts (Which generates time problems). Inflated or strategic orders. (Taking advantage of market conditions). Supply uncertainty. It can generate unnecessary orders. This effect is so devastating that it is very difficult to detect it really, but it is more difficult to detect it if we are in a "SLUMPFLATION"... I was not amused when the media said that the crisis would not yet come. OBVIOUSLY I don't want any crisis. What I don't want is for the crisis to be worse. They always make the same mistake, they hide the real data and say that the recession hasn't arrived yet. But in a few months the recession was sooner than expected. What is in the middle of all the BULLWHIP EFFECT? - Answer: "Transport Chains" Actually the transport chains will also be affected, just put on some music in a dark room, close your eyes, and think about it. Don't let your money foolishly burn! Bubble within bubble within bubble within bubble within bubble within bubble... SPLASH! I do not have much to add. You just need to do a little research on the internet, DON'T TRUST ANYONE, NOT THE FED, NOR THE PRESIDENT, NOR THE INTERNET, NOR DO YOU TRUST ME. You can only trust yourself and your research that you have done. I AM NOT A FINANCIAL ADVISOR AND PLEASE SEARCH THE INFORMATION ON YOUR OWN, BEFORE MAKING ANY DECISION. YOU AND YOU ONLY ARE RESPONSIBLE FOR YOUR INVESTMENTS AND IN NO WAY WILL I BE RESPONSIBLE IF YOU USE THIS IDEA THAT I AM SHARING HERE. Thank you very much for reading this article and not closing it like others. Have a nice day, Esiquiel.
NYSE:FDXShort
by TheWaterBottle
8