timwest
Short

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

NASDAQ:JBLU   JETBLUE AIRWAYS CORP
315 3 6
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
timwest PRO
a year ago
I guess I could have made "JetBLUE" in the blue line to be more intuitive!
Reply
STrader1 PRO
a year ago
Potential Bottom 4 Wave Long Entry
Reply
timwest PRO
a year ago
11% profit with zero loss so far... nice....
snapshot
+2 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out