When in a late cycle environment (today and much of 2021), what should start outperforming? Utilities, energy, and health care. What's breakingout today, finally? Health care! $XLV pic.twitter.com/CllkJtjQhd — RenMac: Renaissance Macro Research (@RenMacLLC) April 7, 2022 Today’s Chart of the Day was shared by Renaissance Macro Research (@RenMacLLC). It’s a chart of the Health […]
Chart of the Day – Thursday, December 16th, 2021
Four S&P sectors with new all-time highs today: Real Estate $XLRE Staples $XLP Health Care $XLV Utilities $XLU pic.twitter.com/5heeE4QBPf — Grayson Roze (@GraysonRoze) December 15, 2021 Today’s Chart of the Day was shared by Grayson Roze (@GraysonRoze). The chart shows the four defensive sectors of the S&P 500 over the past year – Real Estate, Consumer Staples, […]
Chart of the Day – Friday, April 3rd, 2020
Equally weighted index, Offensive $XLF & $XLK & $XLY vs Defensive $XLP & $XLU & $XLV. Respecting a support and resistance level dating back to 2007. pic.twitter.com/1LrMpyrYDI — Grant Hawkridge (@granthawkridge) April 3, 2020 Today’s Chart of the Day was shared on Twitter by Grant Hawkridge (@granthawkridge). It’s a ratio chart showing a basket of the offensive […]
Chart of the Day – Monday, November 18th, 2019
Healthcare looking to make a move here too. $XLV weekly. I’d argue this is bullish for the market overall. pic.twitter.com/8fp2yQHtvK — Tex+ (@theycallmetex) November 18, 2019 Today’s Chart of the Day was shared on Twitter by @theycallmetex. It’s a weekly bar chart of the Health Care sector ETF, $XLV. The top three holdings in this […]
The Bloodbath in Healthcare
The Healthcare sector is a hot mess right now. It’s by far the worst performing S&P 500 sector YTD and is trading below both its 50 and 200-day moving averages. As you can see in the chart below, the Healthcare Sector SPDR ETF, $XLV has dipped into negative territory on the year while most of […]