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Strategies & Market Trends : John Pitera's Market Laboratory
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To: The Ox who wrote (19387)6/23/2017 6:23:26 AM
From: John Pitera2 Recommendations

Recommended By
Brian Sullivan
The Ox

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The healthcare sector and the IBB have been showing VERY strong relative performance
recently over the past 6 weeks as money managers appear to be rotating through the
various sectors.... a couple of money managers were showing the sector performance compared to the SPX and even the S&P tech sector is lagging relative to the XLV ETF the past few weeks.

the XLV Health care ETF has been exceptionally strong. Talk about strong performance since mid may.... and

a 1 year daily chart of the XLV spdr ETF.



The weekly XLV is also very impressive....... The Momentum and Money flows are through the roof and we have new highs and no underwater sellers in since the ETF is at new highs.



the sector, XLV... It and TSLA,VRTX,NVDA, BABA, are leading the charge in terms of the very strongest recent stock performance.



The weekly IBB is showing how the biotech are picking up the pace to the upside although the IBB is not at an all time high.... has some overhead resistance levels as contrasted with the XLV healthcare ETF.



very powerful mojo to this market.

Look at the 19 year monthly of the healthcare XLV.. ETF....

it's so far above the levels it was in 2000 it's really remarkable ... it's been quite a ride since March of 2009 for this sector.



John

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