Whilst the broader market saw a day of nano chop, there was once again weakness in airline stocks. Delta (DAL) and United (UAL), both settled lower by -0.8% and -1.0% respectively. Near term outlook offers weakness to the 200dma, before renewed upside into early 2016.
Suffice to add, airlines are really struggling, relative to what are consistently low energy/fuel prices.
If Oil does break >$50 threshold in 2016... it will be interesting to see how the airline stocks are impacted.
*I've no position... with no intention to get involved, but I do think airlines/transports merit keeping an eye on.