December 20, 2021
$JETS — Airlines, like other things, gapped up today. But they then gave back a fair amount of their gains, forming a pretty large red daily candle & closing in the bottom 20% of its range or so. The airlines, as tracked by the JETS etf, now sit on the 100D SMA, which coincides with a major round #, $20. If JETS doesn’t hold there Monday there’s no real demand until about 12% underneath. This will be something we’ll be tracking next week & we’ll be monitoring the major symbols for opportunities (($LUV, $AAL, $DAL, $UAL, $ALK, $JBLU, $HA, $SAVE).
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