Always consider hidden risks
The Healthcare Sector (XLV) Bull% Index: Lowest of the past 5 Years ?
September 29 ​( From TradingView  )
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​​​​The Situation

​​​​​​The Healthcare Sector ETF ( XLV ) started to underperform compare to the
​Mighty SP500 since August 5 2015 when it reached a high ever peak on a
​relative basis. The 20 DMA on that ratio start to fall since August 27.
It reached on September 28 a level last seen ​in February 2015.
​ ​( See first chart below - Vertical White Line  and Red Line )...

​​​​But the most interesting technical factor is that ​​the Healthcare Sector
​​ETF ( XLV ) main outperformance was when the Mighty SP500 was within a
​correction phase; Not this time... A New Technical Behavior Trend ?
​Also observe that we are at the support level of the uptrend support line ​that
​started back in April 2014 on that ratio. ​​
​​( See fourth chart below - Black Trendline)...

​​The main technical indicators like the moving average of the Bullish Percentage Index ​of the Healthcare Sector are showing some sign of weaknesses since August 5 when it turned on a bearish trend and now stand ​at 12.73% ​​(34.03% for the 7 DMA - Day Moving Average), the lowest level of the past 5 years.
​​​​( See second chart below - Ellipse)... Also, ​​ taking the ratio of the Bullish Percentage Index ​of the  Healthcare Sector over the SP500 Index, we had that ratio at the lowest of the past 5 years. ​​​​( See third chart below - Ellipse)...

But the most interesting factor is that having the lowest Bullish Percentage Index ​of the Healthcare Sector of the past 5 years and a very strong volume ( See fourth chart below -Ellipse ) are signs of ​a Short Term Capitulation in Financial Markets.


​ ​

The Healthcare Sector (XLV) Bull% Index: Lowest of the past 5 Years ?   $SPY, $XLV  #xlv #Investing #SP500
​Healthcare Sector ETF XLV
over SP500 Index
( Blue Line )
20 DMA ( Amber Line )​

Healthcare Sector ​Bullish % Index ( Top Panel - Dots )
7 DMA ( Blue Line )
200 DMA ( Red Line )

Healthcare Sector ​Bullish % Index​ over SP500​Bullish % Index​ ( Top Panel - Dots )
7 DMA ( Blue Line )
200 DMA ( Red Line )

Healthcare Sector ETF XLV
Daily Candles​
50 DMA ( Red Line )​​
200 DMA ( Blue Line )