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JETS

JETS 7 Year ResistanceThis is a very simple chart to read. Airlines hitting a 7-year resistance trendline. Airlines are very capital-intensive and would greatly benefit from rate cuts. Despite inflation pricing power has not risen sufficiently even nominally. Oil has not helped their situation. We have seen many airlines go bankrupt, close shop, and reduce capacity. This indirectly helps the major airlines as the industry cleanses. A lot of talk of mergers and buyouts. For example, Frontier wants to merge with Spirit, Jetblue & United, and Southwest Pilot union seeking merger attorneys. Streamlining is always a good thing which is why JETS has risen as much as it has. However, this may be it according to the chart. The next move could be down from here. Airlines are very economically sensitive and a recession would hit them hard.
AMEX:JETS
by RealMacro
American Airlines AAL approaching an important level AAL is on a 30 minute chart. It had a big downtrend for the first week of the month and then consolidated in a tight range and then a retracment trend up. Price has reached the top of the high volume area of the volme profile. It is near to the standard Fibonacci retracement zone tooled onto the chart. This zone from above rejected price on March 7 and 8. AAL has had news of late about baggage problems but then came the news about an agreement about expansion and remodeling at O'Hare in Chicago. I will watch AAL here, it make break through the zone and then rise as much as 5%. However, it could be rejected and 5% into its support based out during the consolidation.
NASDAQ:AALLong
by AwesomeAvani
3
GE Aerospace Needs to CorrectAfter many years of struggle due to the Banking Debacle of 2008, this venerable old company is finally showing strength again. Spinning off divisions to focus on and drive growth in the key businesses was exactly what was needed. NYSE:GE Aerospace is over-speculated now. The run up from the heavy accumulation during the last half of 2023 is too steep to sustain. Smaller funds have been driving it upward since March, causing the more volatile action recently. It had a small gap up on earnings this week but it still needs to correct, either down or sideways . It has the look of a stock with short-term topping risk at the moment, but extended sideways action could adjust out the overextended uptrend instead.
NYSE:GE
by MarthaStokesCMT-TechniTrader
LUV and Attendants love the Settlement LONGLUV on a 120 minute chart fell heavily on news of a looming strike by flight attendants 18 % into a bear flag and support followed by a narrow range consolidation and a volatility squeeze which broke on news of the settlement. I LUV Sowthwest and its travel mileage perks and open seating. The NR7 indicator on watch was firing continuously. I am taking a long trade here and now with adds at any dips found moving foward. It is hard to pass by an 18% sale. This will be profitable and will subsidize travel on LUV.
NYSE:LUVLong
by AwesomeAvani
1
JETS, a travel ETF rising summer travel season approaches LONGJETS on the reliable daily chart is in trend up since last fall which followed a trend down during the spring and summer. Travel stocks are booming here and there including TCOM (Trips.com) in China. The airlines have high volumes and are competing on price and perks. So are the cruise lines. This ETF is a way to capture some profit from the trends. If has lower risk but also lower reward than an individual stock JETS is upside range bound by the second upper VWAP line above it. The predictive algorithm of Luxalgo forecasts a rise to about 22 before that VWAP line rejects price into a reversal. I am shorts JETS while also shorting NCLH and going long on AAL. I expect to profit and use funds for some more frequent travel. The karma in the whole thing is that it is a closed circle. Watch travel companies including booking agents, spent money traveling get insights and then deploy capital to work those markets for profit returns to recycle the funds into more travel.
AMEX:JETSLong
by AwesomeAvani
1
LONG AIRLINES ACDVF, AC, JETS, AAL, DALTSX:AC Technical and Fundamental Reasons for going Long AC Air Canada, and AAL and JETS and DAL: We are in a tightening 3 Month range in all airline names (And even in broader markets) Given how we have come straight down from the highs, a multi week bounce with legs is likely and positioning in here would be a strong Risk / Reward entry. While DXY the dollar is set for monthly consolidation along with oil (Despite the knee jerk reaction to Israel which will likely fade. Markets are holding up well and have priced in peak rates with yields all coming down sharply after capitulating last week. While DXY OIL and Yields drop. Airlines are huge laggards (and after good selling and bad news being well priced in) it is time for major bounces. It is a highly volatile sector so a big drop the way it did warrants a big pop. With capitulation following analyst downgrades, and company outlook drops to adjust estimates for rising fuel costs and labor costs. The discounts of this bad news is very well priced in and has capitulated with huge volume climaxes Monday after the Israel situation over the weekend. As with 9/11 and Russia invasion, the knee jerk reaction last about a week, before the entire dip is re bought up. Assuming no escalation in Iran to push oil even higher, airlines will care most about earnings and forward guidance to see demand outlook for Q4 and 2024 company guidance. With DAL reporting Thursday and more coming in next few weeks, I'd expect that the reported results for Q3 are very strong, and more importantly that Q4 and 2024 outlooks won't be as bad as markets are pricing. Resulting in a swift 10-15% bounce on many airline names. Again: The bad news is very well priced in, and markets will begin to find good value for entrance pre earnings and post earnings as we are very oversold and surprised to the upside with earnings that weren't even close to as bad as markets are expecting as well as strong forward guidance. NASDAQ:AAL TSX:AC AMEX:JETS NYSE:DAL
AMEX:JETSLong
by TheIntelligentInvestor
Hawaiian Airlines HA Reversal LongHA is on a 30 minute- chart. A Head and Shoulder pattern is drawn. It is assymetrical with an ascending neckline extension. An anchored VWAP is added. Price is currently in the deeply oversold zone near to the -2 standard aWVAP line. I see buyers and money flow coming in at this level. The stop loss is 9. The first target is at 10.7 and so about 15% upside in the area of the mean VWAP. The second target is the confluence of the July 10 pivot , the ascending neckline of the pattern and 2 deviations above aVWAP ( the thinnest red line) at the area 12.5. This is about 35% upside. I will take this swing long trade and investigate a suitable call option as well.
H
by AwesomeAvani
UAL United Airlines Pre Earnings LONGUAL has been in a persistent trend up for a couple of months after great earnings were reported in early May with another due on July 19th. The airports have been quite busy with vacation travel and UAL has been part of that action. On the 1H chart, price has been supported by the mean VWAP and has oscillated to the one standard deviation line above that. I see a target as 56.80 where the the second deviation lines above the mean aVWAP while placing a stop loss just under the blue line of one STD above VWAP. The price is below the POC line of the volume profile which should act as a magnet pulling the price higher. The MACD indicator shows 4 the lines in parallel and above the zero horizontal line with a positive histogram. The relative volatility indicator shows sufficient volatility to support momentum trading. I will take a long trade going into earnings. I will do this with ten call options contracts with a strike at $57 expiring on July 21st. On the last trading day, this contract had a low of $ 0.95 and a high of $1.32 for a range of 35% in a single day. I expect similar price action as the earnings date approaches. I expect to pay about $1320 for ten contracts and the profit expectation is 100% over the next 10 trading days.
NASDAQ:UALLong
by AwesomeAvani
2
The benefits of JETSWith all of the various airlines having such similar patterns of movement JETS lets you be able to not get the same risk of the higher volatility that comes with holding each airline individually. With that being said there is less spikes in price action here which can also provide a more stable trading environment. When I look at the ETF JETS I have a general more bullish bias over long term as I believe travel trends will only increase in the next coming months with summer starting up now, we can expect to see those revenues reported by end of Q3.
AMEX:JETSLong
by AirMarketGroup
ERJ Short - Exceeded TargetERJ recently announced their earning reports which showed to be much more negative than expected. Even as price started reaching up towards the 2.618 fib level we start to see selling volume pick up. Initially I was just aiming to look at the 10% retraction but we saw that just before earning report. We are seeing continued negative push starting the week to the next floor. The next major level to look at will be right around 12.75 price target based on the negative news and current market conditions for ERJ.
NYSE:ERJShort
by AirMarketGroup
AAL LONG American AirlinesAAL is shown here on a one hour chart with anchored VWAP bands shown. The anchoring is set for the beginning of the year. Based on the price action drawn in are support and resistance zones. When price is one or more standard deviations below the mean VWAP, the stock is undervalued and institutional buyers will set buy orders. ( Short sellers will close there position to provide shares to the buyers and take their profit off the table (When the price is one or more standard deviations above the mean VWAP, the stock is overvalued. Institutional sellers will sell their shares ( either shares at a profit or short sell ) At present price, action has retreated to the upper part of the support zone. AAL is getting to a buying point. The relative volume indicator shows huge increases in volume compared with the rolling average volume of the past 50 days. Essentially current volume is 10X that average meaning there is extreme interest in this stock and great liquidity. Fundamentally, AAL has had two prior quarters of earnings reports and the upcoming earnings could be fueling volatility and potential price surge. I see this as reversal setup for great entry for a 45-60 DTE call option at or in the money or a long swing trade targetting just below the resistance zone or one standard deviation above the VWAP.
NASDAQ:AALLong
by AwesomeAvani
Widow Makers Airline Stocks Beat the Market by the New YearSince the beginning of the new year, airline stocks have performed exceptionally well despite the very chaotic condition of the US airspace and travel market. Here is the year-to-date performance of a few well-known airline stocks, along with the Boeing stock and the U.S. Global Jets ETF: ● U.S. Global Jets ETF (JETS): +18.56% ● United Airlines (UAL): +37.53%. Zacks EPS estimation: 2.07. Earning release: 1/17/23. ● American Airlines (AAL): +33.62%. Zacks EPS estimation: 0.60. Earning release: 1/26/23. ● JetBlue Airways (JBLU): +26.40%. Zacks EPS estimation: 0.17. Earning release: 1/26/23. ● Alaska Air (ALK): +18.16%. Zacks EPS Est. 0.88. Earning release: 1/26/23. ● Delta Air Lines (DAL): +16.31%. Reported EPS: 1.48 vs 1.29 estimated. ● Southwest Airlines (LUV): +13.15%. Zacks EPS estimation: 0.25. Earning release: 1/17/23. ● Spirit Airlines (SAVE): +6.83%. Zacks EPS estimation: 0.04. Earning release: 2/6/23. ● Boeing (BA): +10.01%. Zacks EPS estimation: 0.29. Earning release: 1/25/23. ● S&P 500: +4.60%
AMEX:JETS
by SamerHa
Do You Enjoy Taking Flights On Jets?Do you enjoy taking flights on Jets? Let's take a trip...together if you will. Name and Ticker-U.S. Global Jets ETF AMEX:JETS I've identified a cup and handle pattern on the jet. Perhaps, it will take off or maybe it won't. My prediction is that we will take this flight together. Where is the confluence? Multiple touches on the 200MA (please see the daily chart ). What locations (price targets) are possibilities on our itinerary? Minimum move of 1.87 above our handle (or runway if you're onboard this flight) and a maximum of 3.87 above the handle (3.87 includes the cup and handle sizes). *Special note- Please be mindful that our "JETS" may be grounded if we break below the handle or channel. Peace & Prosperity, Al
AMEX:JETSLong
by MrALtrades00