The 2 strongest industries within HC - would like to see momentum confirm the move higher.
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XLV likely continues downward price action with Bernie continuing his strength towards the democratic convention. Just my opinion. XLV
Healthcare is mirroring 2015-2016's triangle breakout pattern here with an obvious move above the trendline. LOTS of people see this, and there are many people viewing this as a repeat of the post 2015 rebound. I'm not totally sold on that scenario however. 2015-2016's healthcare consolidation saw a lot of frauds busted and companies deflated. Currently, we do not...
Note the pullbacks are always around Dec-Jan as well. Strong candidate for shorting here, and tends to come off fast. Sell 104, SL 106.50, TP 96, RR 3.2.
Hi, today we are going to talk about Health Care Select Sector SPDR Fund ETF and its current landscape. The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some...
A golden cross criteria is met when the 50sma crosses the 200sma in an uptrend. We might see it happen on CAH soon. We see a potential flag with $52 resistance up-top. OBV sustaining the chart's price. RRR is good @2.5 *Check chart for more details
ABBV is currently breaking the 200sma, ending a 14 month downtrend. On the next days I will be tracking the next tools: OBV should trend higher to confirm this new uptrend. It still has not done that. 3 candlestick closes above the 200SMA would also be a confirmation signal.
Possible healthcare sentiment change, at least for the short term. Long position into $165 area. Good-luck. (Not trading advice, any decision you make is yours alone). CI
Going long with tight stops
EPISODE 4/11: US HEALTH CARE(XLV) SECTOR Technical Analysis - 16th of July 2019. There is really not much to say. Profits in the health care sector are very reliable on the cycle. Since Trump took office, the cycle extended, and hence it formed a channel as noted in the analysis. One major risk that has always affected the health care sector is regulation and...
Go long healthcare if anything in this market. Clear breakout signal. UNH XLV CI
EARNINGS No options highly liquid underlyings announcing earnings this week. BROAD MARKET EEM (35/19) QQQ (23/20) IWM (21/18) SPY (21/15) EFA (15/12) SECTOR EXCHANGE-TRADED FUNDS There's gold premium to be had (in them there hills ... ), particularly in the miners: Top 5 By Rank: GDXJ (86/36), GLD(86/16), GDX (63/30), SLV (62/20), XLV (60/15)....
techincally 50 may cross above, with both MAs pointing downward. Large bear flag on the weekly chart. $XLV $STUDY
I heard some interesting commentary this week from the pros about watching for signs in the cyclical:defensive sector ratio. I put together this chart using (XLK+XLI+XLB)/(XLP+XLU+XLV). It is a composite of tech, industrials and materials indexes as a ratio to staples, utils and health sector indexes. The chart ratio is about 1:1 right now. In a late stage...
XLV pulled back sharply largely to do with a knee-jerk reaction to the Dems ‘Medicare for all’ (ie Europe-style government health service). Contrast this to the general Dec 2018 market collapse, and we see - a 7.2% W1 rise - a 50% W2 pullback - a W3 repeating the move, and running to the 1.618 fib The price carried on after December, but just anticipating a...
Shares of generic drug manufacturer Mylan has become very attractive, especially after today's overdone selloff. While the company has some hurdles legally (what drug company doesn't?) and has some internal housekeeping to tend to, the shares are becoming too cheap to pass up. At the time of writing, shares are trading at $23.30, down about 17% on the heals of...