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LUV - The upside for a bounce (Pure Technical Setup)

NYSE:LUV   SOUTHWEST AIRLINES COMPANY
258 23 7
Airlines are flying high, Time to short? absolutely not. Are there divergences? Yes. Is there weak trend? Absolutely on the overall industry group. Will this be a short, Not until the Oil             prices finds its bottom.

Yes, this may have trouble flying to new high, if the market is capped with current level. The Usual suspects for the current weakness is from the Sensitive sectors, Techs, Industrial and Energy. Remember these are important, with 40% weight on SPY             and 60% weight on QQQ             .

Before i get diverted, The next bull mode in SPX/QQQ the airlines are to be watched for.

Also keep an eye on their earnings as it unfolds. FYI - Earning on LUV is 1/22
whats happening bro? LUV got thrashed?
From 47 to 42 in 3 days?
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ucsgears PRO jangseohee
Did I ever say, Buy and hold? Trading is different than investing. If someone is basing investing opinion from 30 Mins Chart - They need help.
+1 Reply
jangseohee ucsgears
Well said, poor dump money :-)
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Which I am willing to provide for a price. ;). I do point out when the target gets hit. Infact this had a nice bonus after earnings. AAL - Still has negative sentiment after the earnings.
+1 Reply
jangseohee ucsgears
whatever it is i am short now!
+1 Reply
ucsgears PRO jangseohee
A counter trend trader will never agree with a trend trader - We all have our ways to trade. Good luck
+1 Reply
jangseohee ucsgears
same to you too
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With this gap, UAL, DAL, AAL is all hitting resistance. I would take the bullish trigger after a re-tracement, if it holds.
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WINNER - The reason I was favoring LUV was because of my correlated strength rating indicator. I have not coded that for TV.
+1 Reply
jangseohee ucsgears
Bearish divergence :-)
that Gap up i feel bearish..
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