Handling the Turbulence Well

Airlines remain a resilient group, with AAL staging a rally this week. Overall, many airlines are still in sideways ranges after prior multi-quarter bull runs.

But if the bull resumes, I have my eye on RYAAY, Ryanair Holdings, with earnings May 18th. 

On the weekly chart, below, note the basing action of late. A move over $68 would make things interesting for bulls into May. 

It is also interesting to see airlines acting well even as transport complex names like GBX TRN get hit today (they are ignoring the TRN news).