Bellwether UPS could signal end to bear markets - The Star Our chart this week is that of the daily closes of transportation bellwether United Parcel Service, Inc. (NYSE-UPS). UPS is the preferred shipper of goods to small business and is extremely economy sensitive. The shares of UPS peaked in mid-2006, about 12 months before the peak of the broader stock indices and effectively predicting the 2007-2008 bear in most global stock markets. Our chart now displays a bullish cup and handle bottom formation, along with a breakout level of $66. If, over the next few weeks, UPS can move decisively into the $68 range we have an important bellwether confirming the end of the 2007-2008 bear market.