Heathcare hitting new 52 week highs Heathcare is one of the only sectors really breaking out but looking to be shifting to more of a topping pattern like most of its peers
VHCIX trade ideas
VHT & Healthcare coiling up falling RSI big move incomingI do not hold VHT but instead the vanguard healthcare mutual fund as a play on an undervalued sector of the market. Many key holdings are down 40+% including Pfizer and I believe this is a great hedge for a recession in the coming 2-3 years. I have used this VHT chart to help with my entries around the blue line initially and marching up the bounces of the red wedge.
VHT $VHT Health Care Initial ShortVHT $VHT Health Care Initial Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
VHT - Retests Former SupportThe Vanguard Health ETF hit a well-established level of former support (current resistance). Fibonacci levels also indicate a level of resistance around $249. The temporary upwards move looks like a kickback, a retest of that former support, and the stock will likely begin to move lower in coming weeks. Place a stop loss at $250 - this trade counts on a rejection off resistance; anything above $250 will suggest a breakout past resistance. PT#1 is $234 and PT#2 is $226, both levels where support is likely to come in.
VHT at a good level to add to investmentVHT is the ticker for Vanguards healthcare ETF that seeks to track the MSCI US IMI Health Care Index. I use this ETF as part of my long term investing strategy to gain exposure to the US healthcare sector which I believe will experience greater growth and lower drawdowns then the general market over the next 20-30 years. The reason I believe this is because populations are ageing in combination with unhealthy lifestyle habits. This has lead to people living longer in conjunction with chronic or complex medical conditions that require advanced and expensive treatments to manage them. As with any long term investing strategy it is not especially useful to attempt to time the market but it is helpful to make additional purchases at reduced prices when headwinds cause market sell offs. I believe VHT is at such a level now, it has been unable to break below previous resistance turned support and is sitting just above the 200 day moving average. While the price may still move lower as there are considerable market headwinds currently, I am happy to continue to purchase additional equity in this ETF as it moves into any future support zones.
$VHT new all time highVHT hit new all time high on thursday. if we can get 1 or 2 more days of consolidation this sets us up for a nice move higher
Evolution of VHTThe actual evolution of VHT looks the same as the end of 2018? ... maybe 173 will be a good support, we will maybe see VHT touching this support couple of times before breaking 194.86 and then reaching 210.40 on the first or the second quarter of 2021?
Vanguard Healthcare ETF at SupportTook this one in my IRA with Vanguard today. Price has been mingling with the 50 Day EMA but looking to catch this cross-over early on the re-test of support.
Healthcare - A few % up and then large correction.
Very narrow channel for 4 years.
Obamacare story? Let me know if you know.
Subjective but if a new marginal high, I read 17waves up from oct11.
100 is calling - that is a decent correction ahead.
