Hi Shoppers,

Here is the Delta Airlines (TIcker: DAL) with a possible shooting star:

I am also seeing resistance just above yesterday’s high at $35.70. It goes back to that previous high AND coincides with the 200 day moving average.

I will watch for DAL to open and trade lower, and look to buy next week’s 34 puts:

As a rule of thumb, I take my losses when I am down 30%.

You always want to be able to come back and trade tomorrow. ALWAYS!

Trade Review

I recommended calls in ProShares UltraPro Short QQQ 3x on Wednesday morning.

I hope you were able to hop into those Oct28 50/55 call spreads as they closed at $3.75 last night.

The next resistance level looks like $58.

Thanks for Reading … See You Next Tuesday.

Licia Leslie