All description on the chart. Please, don't forget to like and follow. Thank you.
12.19.19 ANTM ( when I talked about this market, I said "3 drive pattern" several times when I meant " 1-3-5 pattern". I am sorry about this; since my main talking points reflected my thinking and because of time constraints...I will post anyway. Discussed the need to adjust your paradigm to the range and other traits of swings. Discussed Oil and other...
It's just a chart with some fibonacci levels and an ascending triangle with no where to go but down in my opinion. Looks like 2777-2775 is the first Fib level to revisit after topping out around 3,025-3045. Negative divergences also signaling running out of steam IMO. Don't hold anything for long, regardless of how strong it appears to be. Anything could change in...
Go long healthcare if anything in this market. Clear breakout signal. UNH XLV CI
UNH and other healthcare stocks such as Anthem, Cigna, etc. could be a potential area that benefits from those flocking from higher volatility areas that have earnings this week that are looking for some high quality value that were once "growth" stocks. I think UNH at least goes back to $250 area within the next week or so. I'm holding call options. Good luck! UNH
Check out Acorn's Smart Money Alert service at www.smartmoneytrading.com
Taking a pre-earnings hedged debit spread play on AET Long and ANTM short. I am looking to get one of the two Option spreads to max profit of 5.00 through Q2 earnings.