Alaska Airlines Major Trend Break

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Even with market indexes making lifetime highs every single day (with the notable exception of Saturday and Sunday), including the Dow Transports, I thought I’d point this out:

slopechart_ALK

The above is Alaska AIrlines (ALK), and as you can see, it broken its long term trendline. Here’s a closer look. I’m already short it, with that red horizontal as my stop-loss.

slopechart_ALK (1)

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