One of The First Sectors To Go

If we’re heading for a recession as Ed Dowd suggests, link here, airlines (and semiconductors) are typically one of the first sectors to turn lower.

Taking that interview, in full along with Greg Hunter’s next one, link here, the overall situation is sobering.

With that, let’s look at the airlines.

Airline Sector, Weekly

Terminating wedge has broken to the downside.

The prior channel in green is shown to present, channels for this sector have happened previously.

Currently short DAL and UAL (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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