$DAL
Added 2024-04-17 12:14:58 +0000 UTCI have a large position in $DAL at the moment because of how strong it has been moving this year and how resilient the travel sector has been.
$DAL is also incredibly undervalued compared to other large caps in the market, so my money has been secure here while the market jitters.
Up +1.5% in the PM now as $UAL reported stronger than expected results yesterday.
I want to see the 0.236 Fib held here at $46.16....otherwise below the 200 Day MA $45.40 means that cyclicals are going to start feeling the pressure from delayed rate cuts, which will mean I will need to trim my position and move into cash.
Comments
Looks like DAL held. Do you see this reaching 1.618 wave 3 still? Pretty nice reaction to UAL, but not many more catalysts.
Jesse Barba
2024-04-18 13:42:04 +0000 UTC
