timwest
Short

Delta DAL Daily Double-Euphoria Pattern creates a low-risk short

NYSE:DAL   DELTA AIR LINES INC
249 0 4
Delta's wonderful earnings , stock buyback announcement and dividend increase has bulls feeling very comfortable, but the chart is showing that the IWM             is pointing down and in a corrective phase. This performance difference has brought about a wide disparity in the price of DAL versus the IWM             . DAL could just hold onto these prices and IWM             could rebound to catch back up to DAL. I don't know which will happen, but I like my odds here. There seems to be a low-risk trade here now that DAL is below 38 (signaling that it is rolling over) and that IWM             has fallen back to multi-month lows under 108.

It takes awhile to get comfortable with pairs trades. Follow this one.

I put some older examples of pairs trades below for reference.

Tim 12:12PM EST 5/15/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out