The Dow is up almost 300 as I type. The shorts of course are covering, and everyone thinks it's new highs coming again. The Vix, and the leverage vix etfs are getting creamed. Institutions are all in, and have been for a long time. It never ends, the bots are going crazy. Conclusion....It's not don't fight the Fed, it's don't fight the futures traders.
That, and the fact that several well known big name hedge funds have just reported that they own WLL in their portfolio. I think we'll be trading around $36-$37 by Friday, and then over $40 next week or the following week. Today was another consolidation day, and the intraday 60 minute chart looks good, set up for a nice move up tomorrow.
If you were long VA, which you're not, you wouldn't have posted this garbage. There was no recent downgrade, in fact, the majority of analysts are very bullish on this grossly undervalued airline. The street knew about the union vote, so that's not market moving news. You keep shorting, I'll keep buying.