03/27 – 03/31 Health Care

XLV

Prior pivots for trading this week are 75.39 and 73.98 on XLV. As long as XLV hold below 75.39 stay bearish and  watch for follow through to clear 73.98 trading weak sub-sectors/stocks.

Strong stocks : 

ABBV, LLY, SYR, ISRG, BAX, ILMN, BCR, CERN, IDXX, DGX.

Weak stocks :

MRK, GILD, TMO, ANTM, ESRX, CI, PRGO, MNK.

 

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.

03/13 – 03/17 Health Care

XLV

Prior pivots for trading this week are 76 and 74.67 on XLV. As long as XLV hold 74.67, stay bullish and watch for follow through to clear 76 level, trading strong sub-sectors/stocks. If bears build up power and broke 74.67, see if they hold and watch for follow through to 73.60, trading weak sub-sectors/stocks.

But in spite of this, we are little extended so we need to be patient trading health care stocks. In case of gapping up on monday above 76 or in another day after clearing this level, we may see a move down in that day as we move in overbought area.

  • Strong Stocks :  A, TMO, GSK, JNJ, LLY, MDCO, MRK, AET, ANTM, CI, UNH, HCA, ABT, BAX, HOLX, IDXX, SYK, ZBH.
  • Weak Stocks : PRGO, MNK, TEVA, MOH, ESRX.

03/06 – 03/10 Health Care

xlvd1       xlvw1

Prior pivots for trading this week are 76 and 75.22 on XLV. As long as XLV hold 75.22, stay bullish and watch for follow through to clear 76 level, trading strong sub-sectors/stocks. If bears build up power and broke 75.22, see if they hold and watch for follow through to 74.67, trading weak sub-sectors/stocks.

But in spite of this, we are little extended so we need to be patient trading health care stocks. In case of gapping up on monday above 76 or in another day after clearing this level, we may see a move down in that day as we move in overbought area.

Life Sciences Tools & Services : 

  • Strong Stocks : A, TMO.

Pharmaceuticals : 

  • Strong Stocks :  JNJ, LLY, MYL, MRK .
  • Weak Stocks : PRGO.

Health Care Providers & Services : 

  • Strong Stocks : AET, ANTM, CI, UNH, HCA, DVA.

Health Care Equipment & Supplies :

  •  Strong Stocks : ABT, IDXX, SYK.

 

 

01/03 – Waiting For Trump

All things mentioned in my market research  are the same, but there’s more caution in the air because meny secotors are overbought as I said.

XLV daily and weekly charts : 

xlvd1    xlvw1

IBB daily and weekly charts : 

ibbd1    ibbw1

On monday and tuesday we had a great move in Healthcare leaded  by biotech sector as IBB broke last week hi. I played this in stocks like AMGN, CELG, EXEL and PTLA mentioned in my market research  for biotech .See if IBB will broke and hold above 300 for anover move.

XLU and /CL daily charts : 

cld1     xlud1

Also we see that utilites showed some commitment and relative strength on thuesday as we broke 52.75. The prior pivot for now is 51.20, see if they hold and watch for follow through trading strong stocks.

Oil have played a nice support bounce from low of the flag, nothing changed and see if it remain strong.

Gold have showed some weakness and it looks like it needs a little more time to rest. Now the prior pivot  is 1237 on /GC.

Also at 9:00 pm ( New York Time ) President Trump Speaks to congress and lets see what he says, maybe this will give some new opportunities tomorrow.

If something will change i will come with an update.

 

 

 

 

02/27 – 03/03 Health Care

xlvw1     xlvd1

Such as in biotech sector, we don’t have much to do here.

Prior pivots for trading this week are 74.82 and 73.65 on XLV which are also the highs and lows on weekly chart of the last week. As long as XLV hold 73.65, stay bullish and watch for follow through to clear 74.82 level, trading strong sub-sectors/stocks. If bears build up power and broke 73.65, see if they hold and watch for follow through to 72, trading weak sub-sectors/stocks.

But in spite of this, we are little extended so we need to be patient trading health care stocks. In case of gapping up on monday above 74.82  or in another day after clearing this level, we may see a move down in that day as we move in overbought area.

Life Sciences Tools & Services :

  • Strong Stocks : A, BRKR, TMO .

Pharmaceuticals : 

  • Strong Stocks : AKAO, JNJ, LLY, MDCO, MRK .
  • Weak Stocks : TEVA, AKRX.

Health Care Providers  & Services : 

  • Strong Stocks : ANTM, DGX, LH.

Health Care Equipment & Supplies : 

  • Strong Stocks : ALGN, ABT, BDX, GMED, IDXX, SYK, VREX.