Turbulence on the Takeoff

Even if this monthly chart for the airline index is the beginning of a new multi-year uptrend, in the coming weeks I expect overhead supply likely to be caused by the prior highs from 2002 (horizontal light blue line). I remain short AAL. But DAL UAL are also short candidates with stops above recent highs. HA LUV are also setting up as shorts. While VA has been an interesting new issue, Virgin could easily "trade in its own world" while the rest of the airlines correct.