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).
Subscribe to NFTRH Premium for an in-depth weekly market report, interim updates and NFTRH+ chart and trade ideas; or the free eLetter for an introduction to our work. You can also keep up to date with plenty of actionable public content at NFTRH.com by using the email form on the right sidebar. Or follow via Twitter @BiiwiiNFTRH, StockTwits or RSS. Also check out the quality market writers at Biiwii.com.