Healthcare ETF in Trouble

The general Healthcare ETF (BioPharma, Medical Device/Equipment and services of all kinds) is in trouble. I am not short the ETF, but I am short one of its largest components, UNH (which is my only short position going the wrong way today; go figure…).

Anyway, back on XLV it is threatening to break down from a bear flag that has been perched below the SMA 200, as with several other sectors (as the S&P threatens to lose its SMA 200 today). It’s only in-day and you know how this volatility extravaganza has gone over the last few weeks. They could be massively shaking out the bulls. But as of this moment, XLV is not look good after failing to reclaim the 200.

xlv

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.