I didn’t have CNBC on today so I don’t know if anybody was talking about it, but I’m talking about it now. This is not good for the market, I want show you Delta Airlines ( NYSE:DAL ). This is one of the better stocks in a really garbage sector right now, which is the airlines stocks. This is finally breaking down below the 200-day moving average; look at the big spikes here in volume, red, red, and you can say, “Oh but Dan.” Yes it’s high volume, but not as high as this one, this was 35,36 million shares; this not even 19 million.

If that’s your rationale for holding the stock, I’m just telling you between you and me, just between us kids, you’re dreaming. These stocks are going down. Oil ( NYSEARCA:USO ), still going down, you can look at it however you want ( XOIL.X ), oil looks like it’s peaked for the short-term yet what’s happening with the airline stocks? They’re still going down.

My point is, it is not an area that you want to be in. This wouldn’t be the one that I would short ( Delta Airlines ( NYSE:DAL )) but you can short some of these names if you choose. I think that’s actually a good bet, like JetBlue ( NASDAQ:JBLU ), even Southwest ( NYSE:LUV ), some of the others. I just want you to stay away from this. At the very least look at it this way, everybody that bought here, they’re all losing money right now.

So if this sector and in particular this stock starts to rally back, there’s going to be a lot of folks that want their money back and they’re going to be saying like Mortimer and Randolph, “Sell, sell, sell, get those brokers back in here.” Don’t be long this sector, don’t be long this stock.