XO-Airlines Sector. ValueLine 1-2
Looking at the Airline sector, it fell to support levels and is close
to reversing back into X's (.3%) from Bear Alert. The momentum has
turned positive for this sector as well. The PHLX Airline Index (PLN)
is still on a sell signal and currently at support.
My impression would be to wait on positions in this sector until the
BPAERO turns positive and the PLN gives signs of demand.
Charts
BPAERO:
80 X ------------+-------------+--------
78 X O | |
76 X O | |
74 3 4 | X | X
72 X 5 | 9 O | 4 O
70 X O X --------+-----X O ----+---X O -
68 X O X O | X A | X O
66 X O X O | 7 O | X O
64 X O X 6 | X O | 3 5
62 X O O | X O X | X O
60 2 ----7 ------+-----X O X O | --X O -
58 X O X | X O X O | X O
56 X O X B O X 6 O X O | X O
54 O 9 O X O 3 O X O C O X X 6
52 O X O X 1 X O 5 B X O 1 O X O
50 ------O X A --O X 4 X O X O X O 2 O -
48 O X O O X O O X O X O Great support area.
46 O X | O O | O X O
44 O X | | O
42 O 8 | |
40 ------O X ----+-------------+--------
38 O X | |
36 O | |
34 | |
32 | |
30 --------------+-------------+--------
PLN: PHLX Airline Index
900
895 X
890 X O X Top
885 X O X O
880 X O X O
875 X O X O ------
870 X O O
865 X O
860 X O
855 X O X
850 7 ----O X O --
845 X O X O
840 X O X O
835 X O O <--Recent movement
830 X
825 X ------------
820 X
Index summary:
Total Stocks 12
Stocks in Index ALK, AMR, ASAI, CAI.B, COMR, DAL LUV, MESA, NWAC
SKYW, U, UAL
Positive Momentum 8 (67%)
Negative Momentum 4 (33%)
Positive P&F 6 (50%)
Negative P&F 6 (50%) |
