Afternoon Note
More of the same – mega-cap higher as investors cherry-pick other niches in the market. Travel-related names also look compelling.
According to @TSA, yesterday was the busiest day ever at airports in the US. with 2,884,783 people screened and fewer than one-half of one percent of 51,332 scheduled flights canceled.
Still, the market needs that shot in the arm that only happens with a major breakout. We have raised our cash level as we wait for a close north of 4.600 on better-than-average volume.
Normally after a few sessions of failure, there is a pullback. I want to be prepared either way.
Comments |
The flight numbers you give (2,884,783 screened on 51,332 flights) works out to 56+ passengers per flight. Seems low to me, but the flight numbers may include civilian aviation with ~4 pax. Just an observation. Charles Lucente on 11/27/2023 2:01:25 PM |
Thanks for your observation. This is the data provided by Flightradar24. Karina Hernandez on 11/27/2023 2:09:40 PM |
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