Healthcare Rollercoaster Looking To Climb Higher
We are quickly approaching the end of the year. For many traders, they find this to be a confusing time due to Santa rallies and window dressing. These distractions lead to the most common questions we traders ask ourselves… “Where should I be looking?”
For the coming weeks, I have my eye on XLV — the healthcare exchange traded fund (ETF).
Healthcare has taken a bit of a rollercoaster ride through summer into fall. As we go into the last month of the year, healthcare is showing very early signs of an aggressive signal for an uptrend.
The reason this is exciting is that if the overall tide from the XLV healthcare ETF starts showing us signs of potentially becoming a higher quality uptrend, that also opens the door to strengthening names like Johnson and Johnson, United Health, Pfizer, Thermo Fisher, and the like.
Watch this video for the levels you need to be looking for to get in on these opportunities within the healthcare sector.
