Looking 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 recovered as dramatically as the rest of the market and provide an...
JETS on the reliable daily chart is in trend up since last fall which followed a trend down
during the spring and summer. Travel stocks are booming here and there including TCOM
(Trips.com) in China. The airlines have high volumes and are competing on price and perks.
So are the cruise lines. This ETF is a way to capture some profit from the trends. If has...
Bull flag on the daily is prevalent. Long form consolidation can gear it towards 22.50 external liquidity target.
Be careful due to recent run-up. Stop at the sign of bull flag breakdown.
PS- Not financial advice. Do your own due diligence.
Despite travel having recovered significantly since COVID-19 lockdowns, US Global Jets ETF price action is far from its 2019 price. The ETF is up only 11.41% year-to-date and down about 32% in 5 years. The ETF has lagged behind the general market recovery and is trading at a MASSIVE DISCOUNT.
With the 48-month moving average and the higher-lows trendline looking...
Short 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.
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 week bounce with legs is likely and positioning in here would be a...
TSX: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 here would be a strong Risk / Reward entry.
While DXY the dollar...
Crude 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
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 right now for the summer season. It takes time to
interview, train,...
With 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 trading environment. When I look at the ETF JETS I have a general...
A 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 this JETS chart, the regression trend channel starts with March 2021...
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 entered a negative direction.
I am not entering this trade yet,...
Another inverse head and shoulders we have been following, setting up for a 3 bar play, bullish continuation. A little off the entry on this one but volatility is still rising with momentum and above clear resistance. A check back would be ideal, but its hard to say we will get one this far along.
Since the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF:
● U.S. Global Jets ETF (JETS): +18.56%
● United Airlines (UAL): +37.53%....
* Lagging SPX.
* Crawling under 200MA
* Big outside reversal in a huge up day.
* Vol shows clear distribution
* Under volume POCv
Stop placement is difficult and wide. Keep position small
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.
