Be Careful with Airlines

I suspect they'll be able to hold today's oil based gains in to the close only 1.5 hours away, but come Monday it may be a very different situation.

There's intraday profit taking, it remains to be seen how strong that is, whether just profit taking or outright distribution (but the rumor/sell the news).

Here's LUV, AAL and DJUSAR (Dow Airline Index), all looking to be struggling intraday...

 LUV intraday having profit taking issues that have been growing through the morning.

AAL the same thing...

The Dow Jones Airline Index, also the same, even worse in fact.

This may not be an issue before the close, but early in to next week it is looking as if it will be.