Theres your dead cat bounce practically across the board. Guess the oil drop helped. Sell the spike here.
AMR up over 10%.... its so obvious how these stocks work, yesterday jeff macke said stay away from airlines....guess he may be right but nothing like being up 5% in only a couple of days on my trade..
So let me get this straight . . . You aren't interested in participating from the long side when the SPX rallies 10.5% and the IWM over 12% off of the March lows, because you feel that such a move is simply "sideways" . . . but you jump up and down all over a 5% move in AMR? You don't make any sense at all.
You miss the airline bounce the first time? Get ready for round 2. Anyone else loving this airline drop as a buying opportunity again? I don't think they bounce as high as last time but get long soon.