A positive retail sales report together with strong earnings from Citigroup triggered a broad-based rally in Monday trading session.
Most key S&P sectors ended in positive territory, led by health care and financials. Below is an updated look at a trade in the Health Care Select Sector SPDR (XLV). The ETF had outperformed the market in recent days and is at an interesting spot.
The graphic below is from our “U.S. Market ETF Trading Map”, which show the near-term technical bias and trading ranges for XLV. 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. The yellow bars identify period of neutral or sideways trading pattern. Additionally, the light-blue shading represents the short-term trading range. A move above or below that range is considered overbought (as represents by the red shading) or oversold (as represents by the dark-green shading). Readings above or below the red and green shaded areas are considered extremely overbought or extremely oversold.
Chart 1.1 – Health Care Select Sector SPDR (daily)
As indicated in the above chart, our “U.S. Market ETF Trading Map” was looking at XLV from a Buy side back in September 10, 2012.
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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