FedEx down about 14% on the day and for the week. Bearish "death cross". Fell below 200-week moving average and below multi-year uptrend line. Very bearish signs for the stock and the economy. https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/fundamentals/IOSU6hIfr0e_ddd3b0bprg/4cLfSPxusUaxsB5JKBMnXg
The first of likely many 'worst day since 2008' stocks.
What do you think, Sean? Time to take another small bite out of my two leveraged bear positions. One down 46.5% and the latest down 36.7%. Still sitting on TONS of cash. Over 90% of portfolios.
I can’t advise you on that. Leveraged positions leak value if there’s not a concerted move lower. And right now, the market is just whipsawing.