UAL has traded back down to it's breakout area of around 68.
Holding just above the 50 ma this stock could move up again as oil falls.
Oil is down this morning -1.89 per barrel which could give this stock a short term pop.
Moderate IV would suggest that a call debit spread may be considered here or a call position.
(charts courtesy of Free stock charts)
VIX 7% ABOVE 10 RSI 40.45 NEUTRAL
MARKET Trend: NEUTRAL
Put/Call ratio .54 Above 1.20 Bullish, Below .40 bearish.
ADP Employment report 8:15 am
Earnings out today: ALL,CLX,GM,RL,WHR,YUM
Dow Futures: -18 points Oil: 51.25 -1.81 per barrel
Have a great trading day.