…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…
I highlight things I see during the week expecting us not to over-react but instead, consider. What I see today is Healthcare (XLV) testing the April low in relation to the broad US market (SPY). May be be nothing, may be something (in the form of a double bottom). I have held healthcare related items despite the poor performance vs. the broad market because of … Continue reading NFTRH+; Double bottom in this market ratio?
We had a bullish write up about the Semi sector in NFTRH 666(6). Let’s call that a wild card among the less defensive market areas due to its growing field of sectors requiring its products, not to mention the bullish chart of SMH we reviewed, which is breaking out this week. On the other side is the more defensive Healthcare sector, which may well have … Continue reading NFTRH+; (ex-Semis) this sector should lead going forward
On May 8th we discussed lesson #1,764,328… That lesson would be: When you think you see something in the markets and your methods have been working do not be unduly influenced by things you see on the internet, especially short-term (60 min. or less) chart patterns put forth by… …a group in which you are [I am] included. It was in regard to having seen … Continue reading Revisiting SPY & XLV 60 Min. Charts
That lesson would be: When you think you see something in the markets and your methods have been working do not be unduly influenced by things you see on the internet, especially short-term (60 min. or less) chart patterns put forth by… …a group in which you are included. Last night I saw a chart from Tim Knight, a long time internet pal and renowned … Continue reading Lesson #1,764,328
On May 22 this post reviewed… What Healthcare Needs to Do to Go Bullish In that post we reviewed the XLV/SPY ratio, noting the hard ‘V’ bounce, which has since continued upward and is most recently consolidating (as broad market relief overtakes H/C’s relative defensive characteristics). We also used the nominal chart of XLV to show the ETF in the nose of a small triangle … Continue reading Healthcare Sector, Updated
We reviewed the Industrials (XLI) yesterday noting “But the lower low is in and now a bounce to test the SMA 200 breakdown or very possibly the declining SMA 50 would be logical.” Today the thing bounced up and through the SMA 200 and frankly, I was a little surprised at how this sector and much of the rest of the US market performed today. … Continue reading NFTRH Update; 2 Bearish Sectors (med. priority)
We have been noting that Tech, for example, is 100% intact to its daily, weekly and monthly up trends. As I hold a big chunk of QQQ off of the media’s ‘RIP Big Tech’ style headlines and that intact trend status, I am also short less prospective areas. While I am long some Medical Device companies and a couple Biotechs, we have noted in NFTRH … Continue reading Healthcare Not Yet Healthy
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 … Continue reading Healthcare ETF in Trouble
If it seems I am all over the map, you are not imagining things. This is one of those days during one of those weeks where a lot is going on, and since we are talking about whipsaws in the markets why not whipsaw you a bit with a couple updates? This NFTRH+ post is sent to the entire list because it is a macro … Continue reading NFTRH+; Sector Breakdowns?
A look at the general Healthcare ETF (XLV), which includes BioPharma, Devices/Equipment and Services shows it easing below the trend line. IHI is at lateral support and the SMA 50 and IBB is at a short-term trend line. XLV is probably due for a test of the SMA 50 so that is no great shakes at the moment. I don’t like that IHI ticked a … Continue reading Healthcare Charts Updated
As you know, the favored plan is for the US stock indexes to finish bouncing at or below the top channel line parameters per yesterday’s NFTRH update (I’ve begun slowly adding to the short side). But within this, there are some sectors that look constructive to continue bouncing in the short-term; Healthcare and Biotech among them. Let’s focus on Healthcare for this update. You may … Continue reading NFTRH+; Healthcare (XLV) Trade Setup, Market Update