Doubling Up on the Bearish Airline Thesis; Chess Moves

I went short UAL at $65.13 with a protective cover stop-loss above $68. This is roughly 4% of my trading portfolio capital, as I am pressing the bearish airlines bet alongside my current AAL short. On the daily chart, below, note UAL leaning down against well-defined trend support (light blue line). In addition to the long-term overhead supply in the airline index (see my previous post), this daily chart shows extended conditions which appear ripe to correct. In lieu of trying to bottom-fish oil, if oil merely stabilizes here and stops going down (but not necessarily a share rally) it could benefit the bearish airlines thesis, too. I will cover before earnings later this month, win or lose.