#AirlineStocks are flying…

Following the green…

This makes no fundamental sense to me – the price of oil is up, the summer travel season is over and these are AIRLINES! — but the entire sector is lifting off .

At the moment UAL is up 5%, AAL up 5.6%, DAL up 5.1%, and ALGT a WTF 8.4%.

And the charts look spectacular.  Each coming out of high flat bases (see UAL below).

Maybe you can tell this is not my favorite sector.  I’ve always found it as uncomfortable as the middle seat in the last row in coach. But a rally is a rally and it appears this could a leading sector if we are now to have a weeks-long drive higher in the market.

(right click on image for a larger view)

airlines_2016-09-07_1019

 

Advertisements

One thought on “#AirlineStocks are flying…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s