DAL - airlines
Dow Transports at OVERLY lofty levels !!
CELG - seems to have made a CEILING !
BLK - needs to retrace
CF - not sure yet !!
GM and Ford!
How about the airlines?
How about ALK, CAL and LLC?
DAL was bankrupt once.
They won't bankrupt it again.
Look at the charts in the past 12 years.
LLC has been $1 and $4.
I usually go with that one both ways.
JBLU is better, but it's only $6+.
LUV is another one.
Or, you can wait for them to be grounded
and then buy low.
Sometimes it is easier to buy low
It's up to you.
But, airlines are the easiest,
as they don't move with SPY or other indices.
They don't always bottom with SPY.
Didn't in 2009.
They move with $XAL.
Pretty lofty levels here.
Back to the point,
GM and F are the BEST shorts here.
Don't worry what they do.
It's just a game anyway.
Doesnt really matter which one, you should lose about the same amount of money trying to short any of them. GL