Transports At Session Lows (CSX, FDX, UPS)

The transports are at session lows, and most believe that the transport sector leads the economy, and is a very prevalent market indicator. If transports are making new highs, then it can be expected that the broader averages will soon follow, if they haven't already. With names like UPS UPS, CSX CSX, and FedEx FDX starting to break down, it looks like we may be correcting sharply in the near future. At last check, shares of FedEx were off $2.00 to $91.91, shares of CSX were lower by 81 cents to $77.10, and shares of UPS were off 70 cents to $73.30.