Sunday, December 21, 2008

Airline Liftoff?

Looks like the airline sector may have the first liftoff:
USA Longterm Midterm Shorterm
S&P500 Down Down Neutral
DJI Down Down Neutral
Nasdaq Comp Down Down Neutral
Russell 2000 Down Down Neutral
AMEX Natural Gas Down Down Down (-)
AMEX Oil Down Down Neutral
AMEX Security Broker Down Down Neutral
KBW Bank Down Down Down
KBW Insurance Down Neutral (+) Neutral
PHLX Housing Down Neutral (+) Neutral
PHLX Shipping Down Down Neutral
S&P Retail Down Neutral (+) Up (+)
AMEX Biotech Down Down Neutral
AMEX Airline Down Neutral Up (+)

The banking sector is still weak, but not that weak as compared to the Oct 2008 period.

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