understanding the psychology of behavior

at least for a few more points to the upside.

Although JPM issued an upgrade, the move was foreseen. The retail numbers were really good in Jan, and trend should continue. Also, FDX is supported by its index. The Transportation index has been in a powerful run as of late. Looks pretty bullish, although a little late to the market party.

The index may consolidate causing FDX to drift sideways until it is done. (and earnings like INTC do not help the market, subsequently limit FDX’s ability to run) FDX looks like it can move upward a big more, at least to 115-116.

(i’m currently not in FDX.)

This entry was posted on Wednesday, January 17th, 2007 at 1:17 am and is filed under stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.