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Health Care About To Peak? Keep An Eye On This Hot Sector

Published 08/13/2014, 10:59 PM
Updated 07/09/2023, 06:31 AM

Health Care Sector Overview 1998-Present

The SPDR Health Care ETF (ARCA:XLV) has done really well the past few years. It's outpaced the S&P 500 by a large margin. The only sector (lower left corner) that is ahead of Health Care over the past five years is Consumer Discretionary (SPDR Consumer Discretionary Select Sector (ARCA:XLY)).

The strong rally in XLV has taken it up to the top of its rising channel and a Fibonacci Extension level based upon the 2007 highs and the 2009 lows.

At this time, the trend in health care is up. Its above support and long-term moving averages. I humbly believe it often pays to keep a close eye on leadership. What XLV does with this pattern could be important to the broader market.

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