Healthcare is on the move. I noticed Schering Ploughs huge move yesterday on gigantic volume and it had me take a closer look at our relative strength momentum tables. Pharmas, medical delivery, broad based healthcare sectors - all percolating....and now is the time to punch up a chart of XLV - the Healthcare Sector SPDR (see above). Also, compare and contrast to the Technology SPDR - symbol XLK...there is much more punch in healthcare right now. All in all, good to see the market show some resiliency this week, in light of the sell-off in China two days ago.
Speaking of China, as well as emerging markets, energy, materials, metals...all themes getting lots of play, sway, and black ink, so it's good to see healthcare ramping.
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