The stock market has been whipped around by price volatility in November and December. And this has caused confusion for many investors.
However, the market is nearing a positive period referred to as the santa claus rally. This bullish effect around holiday time could push strong sectors higher.
Today we focus on just one of those ideas: The Health Care Sector ETF (XLV).
The Health Care sector has held up well through the volatility, recently breaking out over its down-trend. Could this be a good candidate for continuation with the santa claus effect?
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$XLV Health Care Sector ETF Chart
Not much to say here other than we have a breakout and potential retest underway. Strength in the stock market should benefit this sector. That said, any move below the breakout zone would raise concerns about a failed breakout.
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.
