my apologies for somehow forgetting to post DAL with the other airlines yesterday. i had gone thru the charts of every airline stock in both the regional airlines sector and the major airlines sector and DAL was actually one of my favorites (still is) of the group, as i had put an asterisk next to it on my note-pad, as i usually to to my top picks, but somehow missed posting it. down just over 1% today so not as timely an entry as it was yesterday but it could still have some nice downside potential assuming the broad markets turn down very soon. so far, we don’t have any decent early confirmation signs of a reversal… only an overbought market that just continues to get more overbought.
however, aggressive/active traders might want to keep a close eye on that SRS 60 min falling wedge as i still think that one could pop today, regardless of this post-opening rip in the broad markets. in fact, i made start scaling into SRS, or possible a DRN short here shortly.
