Preparing You for the Big Moment Beforehand

670 views

perfect_timing_3

Headed into the highly-anticipated FOMC announcement and Chairman Bernanke press conference on Wednesday afternoon, here are several ideas to have in mind.

First, on the long side, I did not see any news out on Tuesday for UAM. But you can see on the daily chart (first, below) that the stock surged amidst heavy buy volume over the past two days. The managed healthcare sector is sporting strong charts virtually across the board, at or pushing recent highs. Two other impressive charts to watch in the space are HNT MOH.

The next two charts are short ideas on weakness, which look to be working through daily chart bear flags and continue to have very extended long-term issues: AXP and LOW. I would however, not get too cute with them and most likely wait until after the FOMC in the latter part of the trading session on Wednesday before committing any serious capital–Shorts in a bull market are only for disciplined snipers.

____________________________________

UAM

____________________________________

HNT

____________________________________

MOH

____________________________________

AXP

____________________________________

LOW

2 Responses to “Preparing You for the Big Moment Beforehand”

  1. UNH and CAH are a couple more attractive healthcare charts

Comments are closed.
Previous Posts by chessNwine

Preparing You for the Big Moment Beforehand

670 views

perfect_timing_3

Headed into the highly-anticipated FOMC announcement and Chairman Bernanke press conference on Wednesday afternoon, here are several ideas to have in mind.

First, on the long side, I did not see any news out on Tuesday for UAM. But you can see on the daily chart (first, below) that the stock surged amidst heavy buy volume over the past two days. The managed healthcare sector is sporting strong charts virtually across the board, at or pushing recent highs. Two other impressive charts to watch in the space are HNT MOH.

The next two charts are short ideas on weakness, which look to be working through daily chart bear flags and continue to have very extended long-term issues: AXP and LOW. I would however, not get too cute with them and most likely wait until after the FOMC in the latter part of the trading session on Wednesday before committing any serious capital–Shorts in a bull market are only for disciplined snipers.

____________________________________

UAM

____________________________________

HNT

____________________________________

MOH

____________________________________

AXP

____________________________________

LOW

2 Responses to “Preparing You for the Big Moment Beforehand”

  1. UNH and CAH are a couple more attractive healthcare charts

Comments are closed.