timwest
Short

Sell Short JetBlue (JBLU) compared to Buy Southwest (LUV)

NASDAQ:JBLU   JETBLUE AIRWAYS CORPORATION - COMMON STOCK
The ratio of LUV/JBLU is turning up after a long slide of 50% from 3.00 down to 1.50 where it is breaking a 5+ month downtrend in the past two days.

If you look at the pure price chart overlay of the two stocks, they oscillate back and forth over time and looking back one year (in this chart) you can see that LUV is lagging a bit lately and JBLU             is ahead of itself.

I am looking at putting on both of these positions: Short JBLU             to fall relative to LUV. And Long LUV to rally relative to JBLU             .

Risk 3% to make 10% over the next 10-15 days.

Tim 1:48PM EST Friday, July 24, 2015
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
11% profit with zero loss so far... nice....
+2 Reply
I guess I could have made "JetBLUE" in the blue line to be more intuitive!
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