30Jan12:25 pmEST
Join Us for a Limbo Luau Party
With HA gapping down ferociously today, I still view major airlines as setting up for shorts again. I traded AAL and UAL for wins earlier this year, but I was quick not to overstay my welcome given how resilient they have been for a while now.
Still, the majors, such as AAL DAL UAL, can still be seen as short idea with defined stop-loss above recent highs to follow HA lower in the coming weeks on any signs of weakness.