UNH has been on an absolute tear since Nov, however we are approaching a political crossroads. On FEB 3, the democratic primaries will have their first real contest. With a tough race between the Bern and Sleepy Joe, UNH's fate is in the balance.
Bernie leading Biden 27% to 23%, and with a Bernie win, UNH loses, it will easily fill that gap. On the other...
I'm seeing a lot of short targets lately on BA of $275'ish, but I just don't see it. TA would say that the $320 limit can only be tested so often, but lets remember, most of the weak hands have been shaken out of this thing. All that's left are the funds, retirement accounts, etc...and since BA yield is still higher than bonds, I would say they are going to stay...
So as you can see from the above chart, we have been range bound between 294.5 and 282.5 since the beginning of august, and I see no reason we don't test 282.5 again here sometime next week. Furthermore, we have significantly more downward momentum on this test, and a newly revised tariff schedule at 15%. If these levels don't hold, next major support are the...
