Two Firms Getting Their Lunches Eaten

Ford, upstaged by GM, and United Airlines, upstaged by Delta and others, both look like actionable short ideas into weakness, as seen on their respective daily charts, updated below. UAL looks like a head and shoulders top brewing, while Ford is breaking down from a bear flag, today. 

Overall, the market is still hinging on the runaway melt-up in semis, namely NVDA (and, of course, today especially AVGO). Small caps are giving back tons of recent gains, but still above the key $200 level in the IWM ETF for now. And the transports remain uniquely weak, a big-time laggard today. 

Oil is turning in a quiet, consolidation day, which I read as bullish. And gold/silver/miners are getting sold off the cool PPI print, though I am still looking for dips to get bought.