A Surprisingly Consistent Relationship for JETS and Traveler Throughput

The Relationship At its height last March, the U.S. Global Jets ETF (JETS) still could not close all its pandemic-driven losses. JETS was a 5.9% gain from finally returning to where it last traded at its 200-day moving average (DMA) (the blue line in the stock chart below). Similarly, the number of travelers at U.S. … Read more

Another Swift Drop In Stocks Paved the Way for Fresh Buying Power – Above the 40 (February 24, 2021)

Stock Market Commentary The split personality of the stock market resolved into major breakdowns in the stock market on Tuesday…for about 30 minutes. Apparently increasing inflation fears gave way to the soothing words of Federal Reserve Chairman Jerome Powell at the Fed’s semiannual monetary policy report to Congress. Buyers quickly met the latest sharp and … Read more

An Overbought Stock Market Faces Down the Stimulus Stalemate – Above the 40 (August 14, 2020)

Stock Market Statistics AT40 = 76.1% of stocks are trading above their respective 40-day moving averages (DMAs) (6th day overbought)AT200 = 46.3% of stocks are trading above their respective 200DMAs VIX = 22.1Short-term Trading Call: cautiously bullish Stock Market Commentary While the politicians in Washington D.C. play a game of chicken with the economy, the … Read more

Airline Stocks: Trading Ideas After the End of Parabolic Moves

The U.S. Global Jets ETF (JETS) lost 7.5% but held on to support at bottom of its upper Bollinger Band channel.

Airline stocks were on a tear during a week of panic buying and catch-up trades. From worst to first, in less than a month airline stocks went from setting fresh multi-year lows to 3+ month highs on the heels of parabolic moves. The U.S. Global Jets ETF (JETS) summarizes the contours of the moves. From … Read more