Bullish on JETSJets has broken out and completed a bearish flag, touched a key support, now I’m predicting the price to return back to the golden zone
Key stats
About U.S. Global Jets ETF
Issuer
U.S. Global Investors, Inc.
Brand
US Global
Expense ratio
0.60%
Home page
Inception date
Apr 28, 2015
Index tracked
Stuttgart US Global Jets (USD)
Management style
Passive
ISIN
US26922A8421
JETS invests in all-cap companies of both US and international passenger airline industry including aircraft manufacturers and airport companies. The index utilizes a tiered weighting scheme driven mostly by market cap as well as passenger load. As a result, the portfolio puts about 70% of its weight in US large-cap passenger airlines (at quarterly rebalance), with the top four companies receiving 10% each. The next five largest US or Canadian airlines each receive a 4% weighting. The remaining airline companies, that meet minimum trading and liquidity requirements, are scored based on fundamental factors. Scores are driven by cash flow return on capital, gross margin, sales growth and sales yield. The top five US or Canadian companies based on this composite score receive 3% weight and each of the 25 non-US companies scoring highest receive 1% weight. In September 2020, the strategy and weighting of the underlying index was modified without significant changes to exposure.
Classification
Asset Class
Equity
Category
Sector
Focus
Industrials
Niche
Passenger airlines
Strategy
Fundamental
Weighting scheme
Tiered
Selection criteria
Market cap
What's in the fund
Exposure type
Transportation
Electronic Technology
Stock breakdown by region
JETS: Looking to start a positionLooking to start a longer-term position with JETS ETF.
Currently reclaimed its wedge structure from a TA perspective.
Math-wise, I am looking for a mean reversion back up to around the 20$ range.
The current mean is 24$.
Not a short-term idea, but looking to try and find things that have not r
JETS: Airlines get a bounce if market steadies and oil correctsShort term trade on the airlines which have been beat down lately with the market and rising fuel costs. I think we see some relief in the weeks ahead if these trends reverse for the short term.
LONG AIRLINES (JETS, AC, ACDVF, AAL)Technical and Fundamental Reasons for going Long AC Air Canada, and AAL and JETS and DAL AMEX:JETS TSX:AC OTC:ACDVF NASDAQ:AAL NYSE:DAL
We are in a tightening 3 Month range in all airline names (And even in broader markets)
Given how we have come straight down from the highs, a multi wee
LONG AIRLINES ACDVF, AC, JETS, AAL, DALTSX:AC Technical and Fundamental Reasons for going Long AC Air Canada, and AAL and JETS and DAL:
We are in a tightening 3 Month range in all airline names (And even in broader markets)
Given how we have come straight down from the highs, a multi week bounce with legs is likely and positioning in
TIME TO TAKE OFF...DIVIDENDS TO RESUMECrude prices are low, customer demand is at all time highs. I suspect a measured move back to supply at $30. Momentum and relative strength are both positive. Price also bounced off of a test of the 50MA
JETS Airlines Caution!Airlines are way overvalued at the moment. That does not mean the ETF cannot go higher.
But if you are long airlines I would suggest taking profits for the following reasons.
50% of all pilots are out of work and grounded. If airlines were to start to return to
normal then they should be hiring righ
The benefits of JETSWith all of the various airlines having such similar patterns of movement JETS lets you be able to not get the same risk of the higher volatility that comes with holding each airline individually. With that being said there is less spikes in price action here which can also provide a more stable tra
JETS Put BuyerA Regression trend is a statistical method used to identify the underlying trend of a stock's price movement over a specified time period. It involves fitting a line to the data points of the stock's historical prices, which helps to determine if the stock is in an upward or downward trend. On thi
Idea - JETS, Feb 3 (short)Keeping an eye on JETS. Fib levels from the previous high and low put the retracement range to being 18.36 to 19.46. If it pulls back, it will likely cross my baseline (Keltner/SSL Hybrid) and have a possible short signal. My CLAMP indicator has also turned blue, which indicates the previous MA has
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