20May12:35 pmEST

Looking for a Catch-Down Play

With the major indices flat into the New York lunch hour, select long and short plays are working quite well.

Returning to the airline sector, in light of names like AAL not becoming oversold on multiple timeframes, I am looking to rotate that capital perhaps to "catch-down" plays, meaning other airlines which had been holding up well but which now may be ripe to crack and follow the crew lower. 

JBLU is a name which comes to mind, with its very steep uptrend, seen below on the daily chart, looking long in the tooth. 

Hold on for Dear Life to Thi... Fork in a Dark Road

 
BackToTop
 

This website is intended for educational purposes only. | © 2024 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site