Aug Hypothesis: International Travel Growth (Specific to Airlines)
We entered this trade once we had the broad market momentum signal that was SPX Daily price closing above the 100 EMA line
The strategy I am now running is to make sure we trade in the direction of the broad market momentums and guage how expensive or cheap the price of the stock is by using the 100 EMA price average.
Trade closed manually
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Closed at a loss, it looks like my hypothesis was wrong. The focus on rising fuel prices + Discounted fare was too strong against my hypothesis that international travel was increasing