Yahoo Breakout: Fedex

1. Transports, will they turn around after earnings
2. Fedex forecasts have been catalysts, be a seller this time, but costs have come down says Fedex
3. Internet retailers will be taxed.  Puts crimp on those sales.  Will have to address that
4. Going to tell us what happened and give guidance, fuel prices to moderate?  But some economic headwinds and internet taxes will pick up
5. Sell into strength, because of tax rhetoric
6. How to play?  Two days before earnings, bullish on lower costs, consumer spending- bullish in short term