The top five holdings of this ETF are: American Airlines Group Inc (AAL, 13.95% of assets); United Continental Holdings Inc (UAL, 13.54%); Southwest Airlines Co (LUV, 10.63%); Delta Air Lines Inc (DAL, 10.55%); and Alaska Air Group Inc (ALK, 4.12%)
U.S. Global Jets ETF (JETS)
From Momentum Strategies Report
Speculators can purchase a conservative position in the U.S. Global Jets ETF (JETS), which provides access to the global airline industry, including airline operators and manufacturers from around the world.
JETS has been quite the laggard through most of the last few months but looks like it may finally be trying to mount a belated “catch up” rally to the rest of the market. This is admittedly a speculative trade as opposed to the momentum- and relative-strength-based trades I usually recommend, but when most stocks and industry groups have already had a healthy run it sometimes pays to look for laggards showing recent strength.
Traders interested in buying JETS can use a level slightly under the nearest pivotal low of 22.10 (the Aug. 26 intraday low) as the initial stop loss on an intraday basis.
Cliff Droke, Momentum Strategies Report, www.cliffdroke.com, 707-282- 5594, September 7, 2016