The index is comprised of the publicly traded common stocks of U.S. and international passenger airlines, aircraft manufacturers, airports, terminal services companies, and airline-related media and Internet services companies.
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...
A Wolfe Wave is a chart pattern composed of five wave patterns in price that imply an underlying equilibrium price. Investors who use this system time their trades based upon the resistance and support lines indicated by the pattern.
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...
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.
JETS, the airline etf currently ranging with a area of resistance above and a level below. Break level below we have a gap fill also. Can also play the underlyings instead of the etf.
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,...
$JETS at bottom of trendline support. Should retest trendline resistance this week with more airlines reporting this week and next week. Leaning somewhat bullish with more people traveling during the holiday period but with covid restrictions popping back up, might have a not-so-exemplary 1st quarter. Needs to break and hold 22.5/23 to continue higher.
Looking at opening a Bear Call Spread, earnings for airlines mid Jan, will probably close before if profitable early. Expecting range bound with a little bit of bullish sentiment retesting around $21-$22. Option Prob 80% change of closing under $22 over the next 30 days.
Trade setup
10 Calls Sold $22 Jan 21 22'
10 Calls Bought $23 Jan 21 22'
Max Profit $170,...
... 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).
The investment seeks to track the performance of the U.S. Global Jet Index. The index is comprised of the publicly traded common stocks of U.S. and international passenger airlines, aircraft manufacturers, airports and terminal services companies.
... 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...
NYSE Arca
