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What Goes Up Must Come Down … Or at Least Rest

Last week, I edged a bit more into the bullish camp, but I honestly, never thought we'd see another 1.5%-plus week for the Dow. Heck: 1.8% for the Nasdaq!Of course, the rate of this climb just can't continue unless you think the market will move up 40% this year.So, if it's going to at least rest, where's that likely to be?  At this point, probably when it reaches the top of the uptrend channel.As for specific stocks, it's no surprise that FedEx (NYSE:FDX) bounced back after the recent selloff.  I think you can play it for a small trade north, as filling that gap looks very tempting.In a different vein, Sirius XM Radio (NASDAQ:SIRI) had an uneventful 2013 until it recently broke out.  However, it moved a little too quickly, so I'd look to buy if it pulls back to support.Can the market move up ANOTHER 1% next week?  I'll be back next Friday to check in....

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  1. FedEx launches flexible delivery service

    FedEx Corp launched a new service to let customers select from a range of options to schedule dates, locations and times of delivery, catching up to rival UPS, which...

  2. FedEx , UPS Warn Increased Security May Delay Service in Boston

    FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) have said increased security measures in the wake of Monday's Boston Marathon bombings have led to service del...

  3. Risk of a major stock correction is growing

    The U.S. stock market continued to go straight up and our model missed it. We tend to take higher risks than say a bond fund or a blue chip stock fund. Now saying th...

  4. What It Takes to Be a Real CEO

    Never before in history have people been so divided about what it means to be a chief executive officer. As three letter acronyms go, CEO has got to be the most pola...

  5. Street Spotlight Shifts to Earnings Slowdown

    After a surprisingly strong batch of fourth-quarter results, investors may want to brace for a slowdown this earnings season as corporate America grapples with the f...

  6. UPS to Appeal EU's Decision on Merger with TNT Express - UPS Spokesperson

    United Parcel Services Inc. (UPS) said Sunday it was appealing a European Union decision to block its planned 5.2 billion euro ($6.99 billion) merger with Dutch riva...

  7. MARKET SNAPSHOT: Earnings Are 1st Big Stock Test Since Market High

    U.S. stocks, which reached all-time highs at the end of March, will face the first real test of their resiliency in the coming weeks as investors parse a flood of fi...

  8. UPS Settles Illegal Online Pharmacy Row for $40M

    The Department of Justice announced a $40 million agreement on Friday with UPS (NYSE:UPS) to settle allegations that the shipping giant did business with illegal Int...

  9. United Pushes Back Debut of Denver-Tokyo 787 Flight

    The parent of United Airlines said Friday it has pushed back the launch of a new Denver-Tokyo flight with a Boeing Co. (BA) 787 to June 10 from its previous plan to ...

  10. DOJ in Nonprosecution Agreement With UPS

    Federal prosecutors said Friday that United Parcel Service Inc. (UPS) has agreed to forfeit $40 million to settle a probe into shipments on behalf of illicit online ...

  11. Ding Dong: It's Your Fellow Wal-Mart Shopper With Your Delivery

    Consumers who order products online from mega-retailer Wal-Mart (NYSE:WMT) may soon have them delivered by fellow local customers under a new crowdsourcing delivery ...

  12. Wal-Mart Mulls Having Customers Deliver Packages

    Wal-Mart Stores Inc (NYSE:WMT) is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services tha...

  1. United Continental Cuts Loss; Charges Down

    United Continental Holdings Inc.'s (UAL) first-quarter loss narrowed amid fewer merger-related charges and other items as the carrier also reported revenue growth.Th...

  2. United Continental Cuts 1st-Quarter Loss; Charges Down, Revenue Up

    United Continental Holdings Inc.'s (UAL) first-quarter loss narrowed amid fewer merger-related charges and other items as the carrier also reported revenue growth.Th...

  3. UPS 1Q EPS Tops Street, Sales Narrowly Miss

    United Parcel Service (NYSE:UPS) reported a 6.9% jump in first-quarter profit amid a post-holiday season that surpassed expectations, while revenue missed estimates ...

  4. Postal Service Awards FedEx $10.5 Billion Cargo Contract

    The U.S. Postal Service awarded FedEx Corp. (FDX) a $10.5 billion contract Tuesday to provide domestic air transportation service for Priority and Express Mail.FedEx...

  5. U.S. Postal Service Awards FedEx $10.5 Billion Air Cargo Contract

    The U.S. Postal Service awarded FedEx Corp. (FDX) a $10.5 billion contract Tuesday to provide domestic air transportation service for Priority and Express Mail.FedEx...

  6. FedEx signs new $10.5 billion contract with USPS

    FedEx Corp said its FedEx Express subsidiary has entered into a seven-year express air transportation contract with the United States Postal Service for about $10.5 ...

  7. FedEx Extends US Post Office Air Service Contract

    FedEx Corp. said late Tuesday it signed a new $10.5 billion air transportation contract with the U.S. Postal Service. The seven-year contract, which begins in Octobe...

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