Healthcare big pullback here XLV a lot of this having to do with some of these bigger pharmaceutical names that have had big runs and are pulling back, but we are still in a confirmed uptrend with the healthcare sector as well.
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XLV — 2 entries on this page, 1 of them a change of direction.
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“The Rally Is Still Working, But It’s Getting Selective”
$XLVNo side taken
XLV is pulling back due to pharma weakness but remains in a confirmed uptrend.
“The Sector Rotation Just Changed. Here’s What’s Leading”
$XLVBullish
XLV is a strong outperformer with high relative momentum and upside potential.
And then we come to stocks to stock sectors. And my oh my, for the first time since a long period, XLK is not the only sector on the right hand side. Has been joined by health care and financials, XLV and XLF.
And then we have health care. That's another sector that rapidly improved. So, we put that on a positive outlook right now. It's crossed over into the leading quadrant. S- mildly positive heading, but it's high momentum.
So, if you look at XLV and XLF, those sectors have the highest relative momentum in the universe. So, that's a good thing.
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