As you can see from CAL Chart we are kissing an important Weekly trendline on all Major Airlines.. I don't have enough Weekly data for UAUA.. either we break the daily flag and fly, OR break down and crash.. Either way,a big move soon as is with oil tinkering with 120.. If a break down I will switch short on a break of Today/Friday's low.. which should take us back to July 17th trading area..
New Shorts: TBSI 31.4 ZOLT 20.5 (Large Weekly H&S) A messy trader though so small position. New Longs: CAL 15.13 SYNA becoming how I should be handling trades.. of course easier as it is not a volatile monster and it has done nothing but ascend. Thank You..
Sold 1/2 UAUA pre-market 10.00 Stopped out of rest 9.71 Sold 1/2 UYG 22.93 pre-market Stopped Out CAL 15.48 Short HOC 26.8 another trigger!
HOC.. once again the dangers of Triggers at open and Gaps (usually earnings caused).. Completely ties your hands.. have to sit through it.. Hate stocks sometimes..