When a relatively ‘defensive’ sector is doing this…

…it’s a market in trouble. This is a disgusting daily chart of the Healthcare sector ETF, XLV. Especially when you consider that the ratio of said defensive sector is firmly in a rising trend vs. the broad market as we’ve been tracking for months now in NFTRH. By the way, the rise is not (yet) impulsive. Historically, the impulsivity of this ratio has indicated whether … Continue reading When a relatively ‘defensive’ sector is doing this…

Medical Devices: Negative Political Hype Was Opportunity

Back on April 21st NFTRH 548 noted that the medical device babies were getting thrown out with the politically hyped bathwater that was submerging the Healthcare sector. I finally took the profit on that trade as I am in cash-raise mode. Maybe I used the state of RSI & MACD as an excuse to take the profit. Maybe they are not rolling over at all. … Continue reading Medical Devices: Negative Political Hype Was Opportunity

What Healthcare Needs to Do to Go Bullish

It’s been a hard road for this more defensive sector since the casino bottomed out at the Christmas Eve Massacre and its patrons gradually regained their backbones in order to accept risk. The final indignity was the ‘Socialization of Medicare’ hysteria that swept the market and tanked the Healthcare sector in April (where I took still-held long positions in Medical Devices via IHI). Since then … Continue reading What Healthcare Needs to Do to Go Bullish

alice

NFTRH; US Economic Cycle Signals per Two Key Sectors

Semi Sector Let’s begin at the beginning, with our Semi Equipment indicators. Again, for the many folks who were not with us in January of 2013, we recall that month as the first inkling that the Semi Equipment (companies like Applied Materials, Lam Research, KLA Tencor, MKS, etc.) sector was experiencing a surge in bookings per the then-available book-to-bill ratio available from SEMI. These days … Continue reading NFTRH; US Economic Cycle Signals per Two Key Sectors

Healthcare Breaking Down; Esp. Medical Devices

The Healthcare sector, under pains of congressional follies in trying to hammer out anything in revision to Obamacare, is not responding well. Since our last look, XLV has maintained its state below the trend line as it looks to test the SMA 50, IHI has broken through the SMA 50, lateral support and the trend channel and IBB continues to drop toward the SMA 50 … Continue reading Healthcare Breaking Down; Esp. Medical Devices

Well How About Those Healthcare Flags?

There was the high, tight one on Biotech iShares, IBB and then others noted on the Medical Device iShares, IHI and the general sector SPDR, XLV. Well, there ya go. Here’s the updated chart. The oft-noted interest rate dynamic is obviously in play here to some degree. Subscribe to NFTRH Premium for your 40-55 page weekly report, interim updates and NFTRH+ chart and trade ideas … Continue reading Well How About Those Healthcare Flags?

Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride?

In line with our bullish forward view on USD, behold the very bearish state of the Commercial Hedger positions in the Euro (courtesy of Sentimentrader). Recent historical data speaks for itself. It appears a decline in the Euro is imminent (which, in market terms means ‘relax, it could be a while yet’ ;-) ).   The next question is, when Uncle Buck rides will he … Continue reading Hedgers Net Short the Euro, US Market Rotates; 2 Horsemen Set to Ride?

It’s Not Just Biotech or Medical Devices, it’s the Whole Sector

The Healthcare SPDR, XLV is going up, joining the early moving IHI (like Semi in early 2016, I’ve felt like a lone voice extolling Medical Devices since the middle of last year) and the late moving IBB. Here’s a weekly multi-panel view of the 3 Amigos. As noted repeatedly in NFTRH, Healthcare is an area of out performance during economic soft patches. This is not … Continue reading It’s Not Just Biotech or Medical Devices, it’s the Whole Sector