Buy the Airlines!!!!

CAL ...GOL ...LCC... LUV ...AMR

getting ready to POP…(way high)
It’s possible to buy the >>>>
LCC MAR 50 call FOR .50 sell .80,

The very fact that that trade is possible for success means airline stocks have bottomed.

Strange way to call the bottom, I know, ( but out of the box thinking, pays off, more ways than you know. )

Downside to buying Airlines at this time, Tim Knight still bearish on CAL
Also, XAL, sitting at 200 day = 53.8, and though it is a tempting buy signal,
Xal can still manage to fall another $3 to (at) 50/52,
and that is a stronger entry signal, for CAL.

Also downside, (XAL) If GS earnings call ( Tues.) includes all the sub-prime exposure, GS is likely to tank, and that in turn is likely to tank the market.


Upside for XAL. OIL will still stay in a range, to support those Gasoline prices at the PUMP.
Easter Driving season coming.
LUV hedged OIL at $50/barrel, I hope other airlines, did too!