Monday, April 16, 2018: DOW Up 212.90 Points, Winners FDX RTN CAT STLD

Minor Rally So Far This Morning

We are on a minor rally and things look pretty good today. Portfolio winners include: FDX, RTN CAT and STLD.

Caterpillar (CAT) was hovering close to the 200 moving day average on the 6 month chart, but now it seems to be bouncing back.

Raytheon (RTN) has a nice uptrend in the 6 month charts, and was the top performer overall in the portfolio.

Steel Dynamics (STLD) is a new acquisition, betting on steel companies getting a new boost from Donald Trump, but the steel tariffs themselves could actually hurt the steel industry, and every U.S. company, but we shall see if these so-called tariffs have an effect on anything.

Today’s Featured Stock

FedEx (FDX)

FDX hasn’t handled the market correction too well, dropping from a high of 274.66 down to a low of around 231 where it touch the 200 day moving average (not good).

finviz dynamic chart for  FDX

Disclaimer: The content provided here is for information and entertainment purposes only. It’s not intended as an offer or solicitation to purchase any investment. And this material should not be taken as investment advice. Investing in equities is subject to extreme volatility.
Trade at your own risk.

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Carlos Rull

Carlos Rull is a musician living in the San Diego area. His interests include Yoga, Eastern Philosophy, Zen Buddhism, and Gardening. He plays drums, piano, and composes New Age & Ambient music, and his albums are available on iTunes and

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