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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Brian Sullivan who wrote (93675)	6/22/2017 4:33:38 PM
From: techtrader73	2 Recommendations Recommended By GROUND ZERO™ Ms. Baby Boomer Read Replies (2) \| Respond to of 222134

one of the always bullish members went long on bios literally at the top tic of the day.....which leads me to believe a sell-off in that sector could be on its way

To: Brian Sullivan who wrote (93675)	6/23/2017 12:18:51 AM
From: John Pitera	1 Recommendation Recommended By mary-ally-smith Read Replies (1) \| Respond to of 222134

Hi Brian, Yes 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 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... It and TSLA are leading the charge 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