Sell Short Sempra Energy, Salesforce, And United Health

The daily S&P cycle has topped. The coming week is OPEX week which is followed by post OPEX week. OPEX week historically been strong while the following week has been bearish. However, this coming OPEX week may not be firm for several reasons. This is the year after the election and such weeks in the past have not shown the historical OPEX strength. Also, there is a projected turning point on the 15th. The market rose last week, so a lower market is implied. This would be in line with the incredible speculation levels. In addition, the index has usually been down in the four-day week after President’s Day in post-election years. Here are short sale recommendations for this coming week.

The daily Sempra Energy cycle tops on February 15 and bottoms on March 7. The cycle sell signals have been profitable in ten of eleven cases in the last year. The weekly and monthly cycles are also falling. The period from the 24th through the 28th has been the weakest time span in a weak month. Relative strength peaked in October. The downside target is $120 or lower.

Sempra Daily Cycle

Sempra Daily Graph

The daily Salesforce cycle tops now. The daily sell signals have been correct in eight of ten cases in the last year. The monthly cycle is falling, and the weekly cycle tops on the 24th. The stock may decline to the $230-$235 level.

Salesforce Daily Cycle

Salesforce Daily Graph

The United Health daily cycle tops later this week on the 18th and bottoms on the first day of March. Nine of eleven sell signals have been profitable in the last twelve months. The weekly and monthly cycles are both in descent. The shares are likely to fall closer to $305-$315.

 United Healthcare Daily Cycle

United Healthcare Daily Graph

Source link

Related Articles

[td_block_social_counter facebook="tagdiv" twitter="tagdivofficial" youtube="tagdiv" style="style8 td-social-boxed td-social-font-icons" tdc_css="eyJhbGwiOnsibWFyZ2luLWJvdHRvbSI6IjM4IiwiZGlzcGxheSI6IiJ9LCJwb3J0cmFpdCI6eyJtYXJnaW4tYm90dG9tIjoiMzAiLCJkaXNwbGF5IjoiIn0sInBvcnRyYWl0X21heF93aWR0aCI6MTAxOCwicG9ydHJhaXRfbWluX3dpZHRoIjo3Njh9" custom_title="Stay Connected" block_template_id="td_block_template_8" f_header_font_family="712" f_header_font_transform="uppercase" f_header_font_weight="500" f_header_font_size="17" border_color="#dd3333"]

Latest Articles