Saturday, 9 April 2016

A leading SPDR sector looks to roll over

It happens to all of us, including strong sector trends, father time catches up with us and we get tired very easily.

The SPDR Health (XLV) sector has exhausted buyers, and it does not help with negative fundamental news of Obama care issues.

A test of support is highly likely. Demand looks weak. Maybe time to rotate your health sector stocks into gold mining stocks. Just a thought!

In the chart below:
RTTSteps, RTTTrendStatus, RTTNetVolume


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