The major stock market indices are rallying – whether it’s a bear market rally or the real deal remains to be seen.
But not all sectors are created equal. Some are joining the rally and others are, well, under-performing.
One such sector that is under-performing is the Health Care Sector (XLV).
And we are not just talking about its recent performance. XLV has been in the doldrums since last August.
Note that the following MarketSurge charts are built with Investors Business Daily’s product suite.
I am an Investors Business Daily (IBD) partner and promote the use of their products. The entire platform offers a good mix of tools, education, and technical and fundamental data.
$XLV Health Care Sector ETF “daily” Chart
As you can see, XLV has been trending lower since last August. Perhaps that means we are getting closer to a meaningful bounce… but I don’t like to play odds. Price will dictate and tell us what’s next. Thus far, XLV remains below its down-trend line as well as all 3 major moving averages.
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
