Hubert Senters here.
Let’s take a look UNH. Now, heads up this is stronger than the overall market. A lot of the indexes have not through their standard line which is the purple line.
Next area the United Health Care Group will probably have an issue with $280. It’s all going to be depending upon how long this bounces last. Overall the target of $280 is a pretty good target and then we’ll make a judgment call once it gets there so a long $245 and you’re going to try to target $280.
Then what I’ll do is I’ll try to time it and use the 5 minute here. When I start seeing red on this thing like this tomorrow you could liquidate or go flat. That’s my recommendation tomorrow which is Friday. Don’t take risks over the weekend. It’s not worth it. If you’re not already in a position and have plenty of cushion because the volatility is going to continue then just liquidate your position and restart again Sunday evening or Monday morning.
Mark is going to be doing a special webinar on the indicator that I’m flashing on the screen right now which is going to tell you the bottom is trying to bottom here. It’s bounce for sure in my opinion. I don’t think it’s the dead low. I think it’s going to take out the most recent lows and then work its way out there. It’s kind of usually how the market works.
But here you can see there is low, it called a decent bottom there. It’s been going ever since and then rotated here and then back in here so it’s doing its job. I will HYPERLINK you to this web page which is ‘The Secret NYSE Indicator that Predicted the Corona Selloff!’ It’s called the NYSE tick. I use it every single day.
It’s a market internal to gauge the strength of the market I call it the RPM or the heartbeat of the market. It is very useful. Like I said I will HYPERLINK. It’s going to be tomorrow at noon.
Hubert.
