03/20 – 03/24 Health Care

XLV

As i said i my last research we have seen a move down as we was in overbought area after clearing 76. From now healthcare are more bearish than bullish as bulls fail to maintain gains and move back into the range.

Prior pivots for trading this week are 76.75 and 74.67 on XLV. Don’t get too bearish until XLV broke and hold below 74.67, if we broke and hold below 74.67 watch for follow through to clear 73.65 trading weak sub-sectors/stocks.

Strong stocks : 

JNJ, UNH, ABT, DHR, ANTM, SYK, CI, CAH, ZBH, A, CERN, IDXX, DGX, COO, PKI.

Weak strocks : 

MRK, ESRX, ABC, PRGO, MNK.

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