Don't Ignore This Chart!

Delta and UAL Lead Airline ETF to another Breakout

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The Guggenheim Airline ETF (FAA) continues to lead the transports with another big move. Note that Delta (DAL) and United Continental Broke consolidations today. AMR has a falling wedge working and could be next.

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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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