Look at a daily chart of DAL starting in late October.
Classic H&S
This $33 level better hold or it could drop below $30
I'm a Delta guy. That's my airline. I rarely fly but when I do I try and fly Delta. I find their quality of personal very good// Last flight I had a mild delay.But my kid got home from college lickity split last night! With a huge bag and an inflated basketball. And he even sits inthe back, extended leg room.
Oil so low you know how that translates to airlines bottom line. I took a mild $3 on the trade didn't think worth crowing about. It's a tough call because the longer we get past this spring/summer travel the closer we get to Mr Recession. I can't imagine the airlines would do well then. But I'm super sure they are going to have a nice earn period/load factor coming up.
Int travel is doing well.