DAL Watch

Delta Air Lines Inc. (DAL) has shown a price rise on a volume increase. It's the third volume spike in the a week, but two of them came with price declines.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
DAL $13.80

DAL has been trading sideways since mid-May, and my best judgment is that this is a sidewinder, sure to disappoint anyone whose heart is set on a strong directional trade. The trading range has been $14 to $14.50 on the upside, and $13 to $12.50 on the downside.

Great for an iron condor. Maybe great for a short-term bull play. I'd be suprised to see the stock break the $14.50 level.

Volume so far today, with a bit more than an hour remaining, is running 45% above Friday's. the price is more than 2% above Friday's close. Intraday, the stock rose, and then retraced more than half the rise.

The signals are mixed, with the Person's Proprietary Signal doing a bit of bullish ghosting (it appears then disappears only to appear again).

Reversal Levels

• $14.50, +5.1%
• $14.06, +1.9%
• $13.80 <== You are here.
• $13.08, -5.2%

---

The Great Reflation: How Investors Can Profit From the New World of Money
OK. The credit bubble burst. Housing, burst. Shockwaves reverberated. Markets collapsed. What lies ahead as we remerge from the wreckage.

---

Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment. No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.

Abbreviations:

• psar - Parabolic Stop and Reverse
• adx - Average Directional Index
• pps - Person's Proprietary Signal
• ma20 - 20-day moving average
• macd - Moving Average Convergence-Divergence
• sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.