This is a larger version of the weekly chart we’ve used on occasion in the NFTRH+ Charts & Notes segment to gauge the progress of the general Healthcare sector. It was a pretty simple target based on a pattern breakout measurement.
As I always say, targets are not stop signs. But Quant Edges notes that January Op/Ex week tends to be negative, so maybe XLV and some other sectors will pause at some point this week. Anyway, I am not making predictions. What I am doing is making sure to take profits, stay balanced and tend to cash levels. ‘Cash’ after all, is now paying income (SHV).
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