This weekend I've been going through some different scans and was surprised to see the airlines show up on the radar. Rising oil prices and the airlines show up? All indications point towards higher prices for crude oil over the mid to longer term. But maybe oil will back off a little, or at least stabilize at current levels. Who knows?
The airline ETF (FAA) is too thinly traded, so while it has a similar setup it can't be traded in any size.
So if you do decide to trade any of the airlines, on your next flight you'll get charged a double extra baggage fee, and TSA will give you and your traveling companion a strip search - so be forewarned. ALWAYS use stops to protect from big losses.
Click on charts to enlarge:
Some other airlines on my radar are TAM, SAVE, JBLU, and low priced and thinly traded PNCL.
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