Will the Airlines take off?

And PYPL, SQ, PINS

Folks-

The Stock Market is closed today. Futures will open for a few hours today. Overnight my levels have provided decent 2 way action. While I wait for the NYSE to open tomorrow, I have been thinking about 2 things..

Airline earnings this week AND long term prospects of 3 stocks- SQ, PINS, and PYPL.

In this post, I wanted to share my thoughts about both of these topics. In first section, I discuss what I am thinking about the airlines industry which starts reporting earnings this week. I covered this with AAL and AIR. While AIR is not an airline, it serves many of them and it’s fortunes tied to many airlines.

In the latter half of the section, I have shared few thoughts on can SQ, PINS, PYPL now come back up? And if they can what has to happen, technically, for me to have confidence that the stocks are back!

Read on and share the post if it made sense to you.

Let us review the airlines first..

Their charts almost all look identical. While they are all struggling with one thing: capacity and labor, they all do have one thing going for them: pricing power and demand. Which side will prevail this week?