JBLU just breaks its $19 support, and also the multi-years upward trend.
With no major news recently, the recent downward trend is driven by fear of poor travel activities after Harvey and Irma.
Recent drop is a good opportunity to initiate a position. However, it is good to wait for the drop is stable down and after the impact of Irma is uncovered, which is...
SKT is trading near multi-years low where with good $25 support line, which was last seen in 2011.
Strong dividend coverage and recently increased dividend provide its finance remain strong.
It is also risk-free to short its short-term $25 put to "buy down" a lower entry price.
Long SKT and Short SKT Put
