Killy_Mel
Long

MACRO VIEW: XLV LOOKING GOOD, TESTING 5-YEAR UPTREND

AMEX:XLV   SELECT SECTOR SPDR TRUST HEALTHCARE
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Health Care SPDR ETF is looking good on long term basis, testing its 5-year uptrend

On long term basis - XLV is trading firmly in 10 year uptrend (above 1st upper standard deviation from 10-year mean), but due to the recent August selloff the price is now testing its 5-year uptrend. If the price holds above the fist upper standard deviation from 5-year mean, the test will be passed, and the price will likely trend upwards from there.

On short term basis - XLF shows no particular trend, it is trading within 1st standard deviations from both 1-year and quarterly means. It is a positive moment, as nothing on the short term stands in the way of long term trends.
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