Jan 24 2018 - Airlines Sell Off On Schedule

The major indexes finished mixed today. Both $VIX (S&P) and $VXN (Nasdaq 100) finished higher but like we mentioned last night, the recent rise in the volatility indexes could also be due to upcoming earnings concerns (i.e. hedging). So far, neither the VIX nor VXN is 'breaking out' to the upside just yet.

The airlines sold off right on schedule today. This is a seasonally weak time of year where the 'bad news' seems to come out. AAL, DAL, UAL and others were all down today.

We also discuss GLD, SLV, TXN, CARA, AMZN, NVDA, NFLX and more.

Have a great day!

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