This video provides analysis of the gaming sector via BJK, VanEck Vectors Gaming ETF and the airline sector via $XAL (Amex Airline Index) as well as some of the individual stocks within those sectors that appear to be setting up as promising short-side swing trading opportunities as well as a few potential long-side trading opps. Long trade ideas will follow in a separate video.
The outlook for the airline sector, $XAL, as well as the individual stocks within that index, many of which appear to be offering very objective trade setups with above average gain potential. Note: If you click the settings icon (cog/gear icon), you have the option to increase the playback speed of the video (1.25x, 1.5x or 2x playback speed), effectively shortening the duration of the video.
HA (Hawaiian Holdings Inc) was shorted immediately following this gap backfill in late April, with the stock trading sideways since then. As this trade no longer looks compelling from an R/R perspective, it will be removed here for a modest gain of about 4% in order to make room for some new trade ideas. HA daily Sept 1st close
The HA (Hawaiian Holdings) Active Short Trade & Setup has broken below the uptrend line, thereby triggering the next objective add-on or new short entry. 18.45 remains the sole profit target at this time with a reaction likely around the 22.15 support level. HA daily June 4th
HA daily April 29th HA (Hawaiian Holdings Inc) was mentioned as an objective short yesterday on the gap backfill (red line) & is still offers an objective short entry here. HA won't be so funny to those long once the stock breaks below the white uptrend line, which will be the next objective short entry or add-on to an existing short taken here or on the gap backfill yesterday. Price target 18.45, suggested stop based upon one's average cost using an R/R of 3:1 or better. Please note: For those signed up for email notifications, I will be posting [...]
Major Airline Index April 28th I have a growing list of short trade candidates on my watchlist which look poised for a decent correction. I plan to refine the list and post some of the more promising trade ideas on the site later today but until then, here are a few that stand out (all daily time frames). (note: I have NOT scrubbed any of these stocks for earnings. Always a good idea to refrain from opening a new swing trade position just before they report earnings.) JBLU- Currently clinging to the bottom of a steep bearish rising wedge [...]