Industrials

Big Brown Breaks Down Real Money Pro($)

UPS is headed for a retest of its 52-week lows. The $96 area is key for me.
The DE chart is showing a double top in place with a rounding consolidation before a break higher.
Not to trash the stock, but the risk of buying WM looks significantly higher than dumping it.
And if housing can handle it, almost anything else can.
Danger would increase at the first sign of slowing auto sales.
The cup-and-handle patterns of both stocks portend moves higher.
There's no reason to be the first one back into this ferocious downtrend.
Soft production data call for caution when considering U.S. manufacturers.
Ford, Micron and Tutor Perini should see better second halves after so-so starts in 2015.
Bearish indicators in UAL's chart highlight the drag holding down the airline group as of late.

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