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With everyone focused on LNKD today, and a variety of other headlines of late, the airlines have been easy to overlook. I know that I have been discussing the airlines quite a bit recently, but they continue to be detected by The PPT algorithm for bullish improvements. In addition, their technical pictures are increasingly favorable. I am currently long LCC. Most of the major airlines look about as well set up as any sector out there right now, as indicated by the XAL Index above breaking out.
Click on the photo below to see the rapidly increasing daily hybrid score of the major airlines in The PPT. Note that they were ranked number one out of 202 industries in the entire market, with regard to a rapidly increasing daily hybrid score (combined score of a variety of technical and fundamental factors).
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JBLU still good? I hope so, I bought some Monday!
Like it through $6.40.
Great post.
Thank you.
Chess which one do you favor the most. Ive been looking at transports past couple days myself and they are picking up momo. Take a look at FDX inverse head and shoulders possibly in the motion. Tried it earlier this month stopped out for small loss and now looking like this push is has a chance to take it through with the strength in airlines and transports.
I am long LCC here, but like a lot of the rails. CNI KSU, etc.