A Leading SPDR Sector Looks to Roll Over

By: readtheticker | Sun, Apr 10, 2016
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It happens to all of us, including strong sector trends, father time catches up with us and we get tired very easily.

The SPDR Health (XLV) sector has exhausted buyers, and it does not help with negative fundamental news of Obama care issues.

A test of support is highly likely. Demand looks weak. Maybe time to rotate your health sector stocks into gold mining stocks. Just a thought!

In the chart below:

RTTSteps, RTTTrendStatus, RTTNetVolume

XLV

Investing Quote.

"After exhaustive researches and investigations of the known sciences, I discovered that the Law of Vibration enabled me to accurately determine the exact points to which stocks or commodities should rise and fall within a given time. The working out of this law determines the cause and predicts the effect long before the Street is aware either." ~ William D Gann

"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig

"October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February." ~ Mark Twain

"The four most dangerous words in investing are 'This time it's different'." ~ John Templeton

"Money can't buy you happiness but it does bring you a more pleasant form of misery." ~ Spike Milligan

 


 

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Author: readtheticker

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