I have been watching UNH since it rose on news of Buffet investing in it. The weekly chart shows high volume around this low that goes back to high volume buying around the low in 2020. This should be a high probability play for longer term, but i do not want to get in right after the pop as it has already faded since then. Looking then to the daily i have 4 levels i am looking at to make a decision around entry. Best level which is unlikely would be return to recent low around 234 , next up would be the gap fill from its pop up on news at 271, and then the 50 day moving average at 288 is a decent retracement it may move up from. On the other way if it breaks up higher past its previous big drop into the gap with volume, that is likely to be a good entry with movement upwards around 336.

I have been thinking about buying UNH since the crash, but then I remembered I was also thinking about buying it before the crash, and just put the cash in VTI.

Yeah i am still a fan of VTI for picking up after a good dip myself. UNH is still fading back down so i am watching for some kind of reversal.

Not an expert, but I don’t see how it can stay that low given it’s historical values, unless the company itself crashes (unlikely)

If i were not overall bearish on the market in general because of seasonality and general over valuation i would be more aggressive about buying UNH, i just feel like if i bought it today market would crash next week and i would be under water to start the trade. IF the market has a serious enough correction everything should drop short term and i would look for the reversal around then most likely, but who knows the market could do anything that is for sure.

“i just feel like if i bought it today market would crash next week” - this is how I tend to feel. The market apparently crashes in August and September. I thought about selling everything and rebuying in a month, but I recognize that I don’t understand enough about it to try to time it.

Yeah the seasonality factor has me majority in cash on the sidelines, i do have open shorts from the verified investing service but really want to get long on the TQQQ and VTI, just need price to come back closer to the mean first. A lot of professionals that do not sell short term will hedge uncertainty by buying the VIX through the VXX or UVXY, but its super volatile and fades over time so you have to understand how to play it. As far as buying or selling one general indicator to use is RSI and if it is really high it may be overvalued and a good time to sell, on the opposite end like with UNH the RSI is on the lower end showing it is probably over sold and worth buying at a discount. The longer time frames will give less noise and more signal as to how over or under valued something might be.

Thank you, I appreciate that writeup!