Monday, 5 October 2015

DAL, UAL - airlines flying again

With the broader market seeing further powerful gains, the airlines were similarly on the climb. Delta (DAL) and United (UAL) settled higher by a very significant 4.7% and 3.0% respectively. Near term outlook is bullish (along with the broader market).. and DAL is already threatening a key breakout above $48.

DAL, daily

UAL, daily


Suffice to note... both DAL and UAL are looking pretty strong... and look headed higher across the next few weeks.

How the market reacts to earnings... that will be key.. and will determine whether the market rolls over again.. or breaks new historic highs into early 2016.

Best guess: a roll over

*I exited DAL-short last Friday from $43.45... have ZERO interest to re-short, as the broader market now looks headed for the sp'2040/60 zone.