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One of the noteworthy developments in recent days has been the move in health care. The group was under selling pressure in recent days as investors scrambled for cover over fears that almost every sector and multinational company could suffer some collateral damage if trade war tensions rise.  The Health Care Select Sector SPDR ETF (XLV) fell 2.4 percent Friday to 79.88, bringing its YTD loss up to 3.4 percent, underperformed the S&P by a slight margin.  Now the question is whether the recent selloff is a beginning of an end or there’re more pains ahead?  Below is an update look at a trade in XLV.

The graphic below is from our “U.S. Market Trading Map”, show the near-term technical bias and trading ranges.  As shown, the underlying is in a short-term bullish trend when the price bars are painted in green.  The underlying is in a short-term bearish trend when the price bars are painted in red. 

Chart 1.1 – Health Care Select Sector SPDR ETF (weekly)

Our “U.S. Market Trading Map” painted XLV bars in red (sell) – see area ‘A’ in the chart. The first dominant feature on the chart is the rising trend started in early 2016.  The second dominant feature of the chart is the downward trend started in early February 2018.  The late March massive selloff pushed the ETF below the 4-year moving average – the level that offered support since XLP broke out in early 2017, signify…Click here to read more.

You see, our trend-following system is very unique as it attempts to pick turns before others see them. Timing is everything and if you’ve applied our system correctly, you should have made a killing in any markets.

 

This is just an example of many successful trades that our member had enjoyed recently. After all, aren’t you glad you subscribed?

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