UAL, daily
Summary
Even the Cramer on clown channel is completely adverse to meddling with the airline companies. Their profit margins are usually too thin, and they are subject heavily to crazy price ramps in Oil. From a MACD (blue bar histogram) cycle perspective, UAL is due to go + cycle tomorrow. First upside target would be the recent high of 25.50, some 7% higher. Only a break below $19 would be the next sell trigger/signal.
I've seen a few times over the last few years where one of the standout sectors during major market declines is often the airline industry. Again, this is likely to lower oil prices, during a typical equity/commodity market down turn.
