LCC, like the other recent airline shorts posted recently, is doing very well.  in fact, it has surpassed my 1st target so i’ve added two additional target to this chart.  also note that FAA (the airline etf) and many of the other recent airline shorts have hit or surpassed their 2nd targets which gives the final targets (T3 on most) a good chance of being hit.  however, on a related note, IYT has so far held and bounced just above the first support level that i noted on the recently posted daily chart and FDX is right on the bottom of the rising channel that i posted. UPS has also bounced off my first resistance level for the last 3 days now.  i mention this because i am closing watching all transportation and/or sectors that are dependent on oil prices and whether or not oil moves much higher will depend on whether or not the transports (IYT), airlines (FAA) and these oil-price sensitive stocks continue lower or bounce soon.  i will update those other charts mentioned above later as well as take a look at the oil price charts to try to get a better read on where prices go from here.