Let’s go with AAL as a short setup on weakness, particularly if these overnight weakness in the futures market tonight carries over into the cash session Monday. Note the vulnerable technicals on the daily chart, below.
And on the long side, I continue to watch JMBA base tightly in an uptrend. If the market stages another sharp upside reversal my eyes are on this one.
Drop me your top tickers overnight.
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Would suspect airlines wouldn’t break down despite sloppy charts given recent oil sell off, no?
Theoretically agree, but airlines have had such a steep run-up they still could come in here even with soft oil.