Healthcare failed to Break out!

Since, I am analyzing some health care stocks, I find it irresponsible to overlook the sector. The market in general has been volatile for past two weeks for now. Also, the news that are coming out are not boosting trader's confidence in the market. We have SEC looking to delist Chinese stocks and late last week one of the hedge funds defaulted on their margin account and do not have enough money to cover their loses leaving the banks on the hook! This is important because others have taken note and are reducing their risk by closing their positions, which translate more sell off in the market. Most specially technology being the most volatile sector is one of the first stocks on the chopping block when one wants to reduce risk. Health also being a traditionally defensive sector, has witness some sell offs thanks to getting to overbought due to pandemic. However, past few days health has been getting very strong and picked up momentum. So much so that it was about to break out. However, it has failed to do so. Given the market condition I expect lower prices in health sector ahead. However, compare to other sectors. Healthcare selloff started much earlier in early Feb; therefore, it is safe to conclude that it will be one of the sectors that may hold its ground much better than other sectors that just has started selling off! At the end of the day, healthcare is one of the defensive sectors when investors want to reduce risk.