Short UNH and NYX

The markets look mild today with a bit of a dip but it seems pretty controlled and probably will not get out of hand. I think things are looking weak for the short term right here with many leading stocks running out of steam and looking to rest along with all the vacationers on Wall Street.


NYX has been running up against its 50 sma which has proved to be tough resistance for this stock. It looks weak here as it cannot get over 50 on the relative strength index. I think the stock is a good bet here, stop on a break above the 50 sma.


UNH is another short. Granted, it is a very short term trade, but I don't think times right now is the best time to be going all in. As you can see today's price action is a repeat of action last week. It comes down to 48 first pops to 49. Reaches higher to near the 50 sma but closes lower. Then it reaches 48 once again. I'd enter in right here at 49.60 or higher and stop out above today's high.

CM