Set to Rise on Hot Air

After taking a shellacking in recent weeks, the airlines look set to stage that inevitable snapback rally. I suspect the likes of AAL DAL LUV UAL could easily drift higher in early-June, though I am not too intrigued by them on the long side given their broken charts on multi-month timeframes. 

Instead, I prefer to stalk the likes of HAS GIMO for quality long ideas. 

Still, AAL, for example, could bounce back up to $46, the scene of its breakdown, before I would look to re-short this major airline which I played for its breakdown in May in Market Chess Subscription Services.