Capturing the Push & Pull of the Markets!

I have been interested in trading since my father showed me how to read the Wall Street Journal when I was about 12 years old. My grandfather 'traded the markets' back in the forties and fifties, so I suppose it runs in the family!

I am not a professional financial adviser and these observations should be regarded as observations and lessons learned, not as professional trading advice. I am a fellow trader making an effort to create another stream of income doing something I love to do!

Saturday, February 28, 2009

United Health Group (UNH)

Yesterday, February 28, 2009, presented a trading opportunity on UNH for the downside. The health sector had been pummeled the day before following news about President Obama's plans for health services.

The daily chart shows the weakness with more possible downside to follow:


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