11Dec12:46 amEST

Late Night Strategy for Thursday

B4Tgr9kIMAArqwy.jpg-large On the long side, BKW is back in contention after Wednesday's stunning outperformance to the bloody market sell-off. On the first daily chart, below, a move back over $35 can trigger a long starter position, especially if the broad market is in bounce-back mode. And on the short side, extended airlines like UAL printed exhaustion candles, seen on the second daily chart. With downside confirmation, they now represent good risk/reward shorts with stops above Wednesday's highs. BKWUAL

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