Do you enjoy taking flights on Jets? Let's take a trip...together if you will. Name and Ticker-U.S. Global Jets ETF AMEX:JETS I've identified a cup and handle pattern on the jet. Perhaps, it will take off or maybe it won't. My prediction is that we will take this flight together. Where is the confluence? Multiple touches on the 200MA (please see the daily...
As you can see from the chart, price has been consolidating in this channel. After this last rejection trying to break out above the channel, I think it sets up JETS for a move much lower. I think we're likely to see $JETS break down out of the channel over the coming weeks and find support below the channel at $15 as the first target, but potentially lower if...
Dis approaching support level $130, $125, $115. Im buying at these levels for long with a target of $180. Disney will see COVID relief rally and economy recovery. This market may take years to see the effects of further rate increase. Debt is questionable, don’t ask questions This is not financial advice. It’s only is for entertainment.
JETS has lots of Calls and huge buy orders. Look to hold it for a few months!
Look as though it will keep playing the channel but I would be watching for the reversal. The economy is opening up, High fuel prices are killing airlines now. DAL SAVE on my watch list. will not chart just use the ETF to track.
Feb 23, 2021, I posted this chart warning about airlines on a technical level. Apr 20, 2021, I posted this chart as a warning about airlines as commodity prices were breaking out. Apr 28, 2021, I posted the CRB Commodity Index on the verge of a 13 year Major Breakout Jun 21, 2021, I once again updated Inflation is not over yet. Dec 28, 2021, another update...
The airlines sector has been strongly impacted during the Covid 19 crisis which resulted in slump of most aviation related stocks. Over the past two years, this sector has been lagging behind the rest of the economy as a result of persisting lockdowns, travel restrictions and other health related mandates. Although, some countries such as Italy, Great Britain,...
Hey the airline sector has been underperforming the stock indexes in 2021, will look for a entry of $15.00 area in 2022 for a big swing stay updated.
... for a 2.55 debit. Comments: Total credits collected of 3.02 on this puppy. (See Post Below). Closing out today for a small winner (.47/$47).
More debt - lower airfare prices - lower load factor- higher Jet fuel costs is a recipe for disaster. Factor in high unit labor costs thx to 6.8% Inflation, higher interest rates. and the situation even gets worse. Even if Airfare prices rose to 2019 levels. A perfect example of what a Zombie company is. Seeking to stay afloat and pay down debt rather than grow...
(Opinion Only) Near 52wk lows.
... for a .29 credit. Comments: This ... is going to need time to work out. Collected 3.02 in credits so far, (See Posts Below), so I'm functionally long the 23 puts with a cost basis of 19.98 (is one way to look at it).
... and selling the 19/27 long straddle aspect for an .86 credit total. Comments: This originally started as a 19/23/23/27 iron fly, for which I received a 1.86 credit. (See Post Below). I closed out the longs for a .42 credit and then rolled to naked "as is" to the January 21st monthly for a .44 credit with the net delta of the position now being bullish...
AAWW continues to benefit while $JETS and stocks like $SNCY continue to push new lows, if you are looking for airline exposure I do believe you will see the best return here compared to the broader sector. Good luck traders!
... for a 1.86 credit. Comments: Betting that the underlying chops around here between the break evens at 21.14 and 24.86. Because this is akin to a short straddle, will look to take profit at 25% max.
I'm long JETS so no trade for me here, but a good potential idea would be to trade the move to the AVWAP $236. Nice falling wedge breakout . Earnings 10/27 so keep that in mind for any option trades.
Boeing is likely going to break higher imO.. Buy calls above 230 and go long on this DTL breakout Short below 204 Buy up at 194 if the bid if given.
Daily breakout today, Market is showing weakness, however, above 25.20 could see highs. Must break that level for upside move though.