Sep. 22 at 1:49 AM
$UPS Market indexes in the green today across the board and this one has a wide open MACD to the downside. Looks like the stock has entered a buyzone, but we might have too much mounting pressure against the stock as a result of diesel prices, a slowing trend in consumer spending, a larger than expected but planned reduction in amazon delivery volume, and finally a slower housing market. Also many households are starting to buy what they need, and are cutting back on non-essentials, home goods, furniture, and electronics....this in theory, is not good news for UPS, because 60% of UPS deliveries are Business to consumer at the residential delivery level. All of these factors combined, will directly affect UPS, and I think its safer to keep this one on the maybe list for a potential mid October bounce.
