Jet Watch for the break out on this one . If this bull flag turns out the way it looks it may explode higher to old ATH in its next wave up. Now mind you most of the market looks no good but it seems to be as recovery may be in.
This is a low cap gem with minimal volume so we are definitely still early to the punch.
DYOR the link is in the description below.
Target 1 $3.34
Send it.
www.globalairlinesgroup.com
JET
$JBLU Daily Short setupThere's been a lot of accumulation in this name. The trend still respecting March lows, looks ready in the short-term to test out of this tight range.
LMT should benefit from defense billLMT's jet is specifically mentioned in the bill which should result in a large sum sale to boost their profits. This is a good long term hold as well as a good trade short-term for the recently passed defense bill via congress overturning Trump's veto. RTX, which is Raytheon and united technologies combined in a merger, both organizations have had longstanding relationships with the military.
I see LMT returning to recent highs which makes for a pretty decent trade and it could recover further for those that go long.
Holding Long on EmbraerLast month We looked at the potential of putting on out of the money calls for a small premium cost with an expiration date for late in the year.
As the price of ERJ hits the low of just $4 we are starting to see a bit of strength and support be met at that level. As we start to move up from the all time low looking to follow the trend line will be a strong indicator that momentum is on our side.
DAL Projection *UPDATE*NYSE:DAL With rising fuel prices, its not helping the airline industry (jet fuel is one of their major expenses) combined with shuydowns. I am still bullish as this investment is getting cheaper for me to get back in at a lower price (averaging down). Still waiting for the 29th when I anticipated a bottom of $20.49 for further adjustments. An addition to this holding, an energy investment that benefits from rising energy prices may be a hedge (i.e. MR NYSE:MR ).
DAL *UPDATE*NYSE:DAL The authorities (Treasury, Government, Congress, Fed, etc.) are stepping in to help airlines, etc. With low fuel prices (i.e. jet fuel prices) remaining low, I am still bullish on DAL
Garden Hose Pattern on a High DY REIT... Hurray for VolatilityNYSE:NLY is a bit less bearish in comparison to the other stocks in its peer group of REIT's with Div/Yield over 10%. You can see this since its P/E ratio (using FFO) is much higher, probably due to consistently high analyst ratings and their various reasons for evaluating it with neutral to positive ratings.
As of recently, it has seen a weakness in volatility. In a triangle pattern, it approaches the 10.11 price point. At this point, the trend will see an arc, and a breakout will occur. Nothing trades flat forever, because every living thing has heat. I call this a garden hose pattern... because it sort of looks like a hose spraying a jet... and because I want to...
Set your price points around 10.11 and look forward to a new wave of volatility. These 3-4 cent daily arc heights are stupid.
The price/book value is a bit high, so I believe this is a good point to see a market correction. I would say my advice would be to short, if I had to guess. There may be some upward momentum left, but it will not sustain for long.
JET: Ready for take-offJET was by far my best performing stock for 2017/2018, and my first 5 bagger.
Chart looks like it's ready for a move again. Similar price action to this time, last year.
Resistance at 0.75 to 0.80 but that is still some nice gains if you can get a stink bid filled as tax loss season ends.
Gulf Coast Jet Fuel FuturesProposed EW count for Gulf Coast Jet Fuel Futures:
Box denotes the wave travel of the minuette wave (I am not careful about using the correct EW notations) travel. I was tempted to label that as inermediate wave (3) but it would be the shortest wave and that wouldn't stack up.
I would be looking for wave C to possibly make a 1:1 or 1:1.618 extension for sub-wave (c). If price is held by the approx trend-line then an extension of wave (5) is still in play, If the trend-line doesn't hold this would validate the count and point towards a retracement of the 5 wave move (no targets as yet - although $1.55 seems like a plausible initial target).
