https://www.youtube.com/watch?v=0A5t5_O8hdA
As we have been discussing, those bear flags in major airlines are now coming to fruition, namely in DAL UAL.
Keep an eye on AAL ALK HA JBLU LUV for piggyback shorts.
The airlines have had a steep rally in recent quarters, along with most major rails/transports in general.
However, the risk/reward on the long side continues to be unfavorable. And I view them as actionable shorts after the holiday next week if the weakness persists.
On the long side, a few sound charts of note: DFRG JWN MON.
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