VOL. I · NO. 119 · standardpoorly.comTHU · MAY 28 · 2026FORWARD HORIZON · 1 d / 1 wk / 1 mo / 3 mo
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StandardequitiesSP-2607

JETS US Airlines ETF

US airlines ETF (DAL, UAL, AAL, LUV). Consumer + business travel + jet fuel barometer.

the verdict —
At the 252d horizon, this signal hits in the predicted direction 52% of fires. Mean SPY forward return when it lights: +0.30%. Status: OOS validated. n = 2527. Bullish on the underlying when fired.
What to watch when it fires
DALUALAAL

Current state

Latest value · 2026-05-22
27.1
vs ~6 weeks ago
4.8%
vs 60 days ago
8.4%
vs 7 days ago
3.8%
last 90 observations · 2026-01-14 2026-05-22

The series — full history

Daily readings, every reading we have. Pick a window with the time-period buttons; flip to candles via the global toggle in the masthead (or press C). Toggle the SPY overlay to see how this series and the S&P 500 have moved together.

JETS US Airlines ETF
29.08 +6.30 (+27.66%) over 1Y
Hover for date + value · Toggle SPY to compare relative move · Switch to Candle for OHLC view
31.5428.9526.3623.7821.19May 25Aug 25Nov 25Feb 26May 26
2025-05-27 → 2026-05-27 · 252 bars

What it has historically predicted

Historically barely better than chance over the next year. We surface this for transparency, not because we'd trade on it.

49%
−0.03%
1 d
52%
+0.01%
1 wk
51%
−0.11%
1 mo
49%
−0.26%
3 mo
49%
−0.56%
6 mo
52%
+0.30%
1 yr

Beyond SPY — how this signal performs across markets

Same fire days, different forward returns. Each row asks: when this signal fires, what does that asset do? The big number is the average return; underneath is how often the asset moved the same direction as the signal (50% would be a coin flip).

target
1 d
1 wk
1 mo
3 mo
6 mo
1 yr
SPY
S&P 500 ETF
n=2,527
-0.03%
49% same direction
+0.01%
52% same direction
-0.11%
51% same direction
-0.26%
49% same direction
-0.56%
49% same direction
+0.30%
52% same direction
WTI
crude oil
n=2,707
+0.24%
52% same direction
+0.27%
53% same direction
+0.29%
52% same direction
+1.5%
55% same direction
-0.66%
51% same direction
-0.32%
49% same direction
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Each fire in history — when the signal popped, what SPY did next

Each bar is one historical fire — the indicator's value moved 2.5+ standard deviations from its rolling 180 trading-day mean (~9 months), or for monotonic “days since” indicators, crossed an 80th/90th/95th/99th percentile. Bar height = SPY's forward return at the selected horizon, signed by signal direction. Green above zero means the market moved with the signal; red below zero means it moved against.

horizon:
0 fires · 0% positive · avg +0.00%
−5.0%−2.5%0%+2.5%+5.0%
Each bar = one fire day (|z|≥2.5 from 180-day rolling baseline). Bar height = SPY return over the the next year, signed by signal direction. Dashed line = average across fires.
shaded cell = each row's strongest horizon (green = bullish forward return, red = bearish)“same direction” means the asset moved the same way the signal moved — opposite of a coin flip.