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 TECHNICALS
The Healthcare Sector (XLV) : Unhealthy Technical?
August 25 2016 ​( From TradingView  )
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​​​​The Situation

​The Healthcare Sector ETF (XLV), since making that yearly low at 62.68 on
​February ​9 2016 is within a higher highs and higher lows technical pattern.
(See first chart below).

But​ we never reached back the all time high made in July 2015 at 77.40
on the XLV ETF.
​​

Since we broke a steep rising wedge on August 8 2016, the XLV ETF is trading
​within a Daily Downtrend Channel. 
(See first chart below - Channel).

​​​​The XLV ETF unhealthy behavior came on August 24 2016 when we got back
below the previous breakout trendline. (See first chart below - Grey Trendline - Ellipse)
We did close on August 24 on the 50 DMA (Day Moving ​​Average) ​within a violent trading pattern.
(See first chart below - Red Line - Ellipse)

The Healthcare Sector ETF (XLV) started to under perform tremendously compare to the Mighty SP500 (SPY ETF) since August 4 2016. That ratio (Healthcare Sector ETF (XLV) over SPY ETF) since then broke on a relative basis the 20 DMA (Day Moving Average) (See second chart below - Yellow Line), the 50 DMA (See second chart below - Red Line) and the 200 DMA ​(See second chart below - Green Line) which is a bad omen for the Healthcare Sector.

​​​​But the real interesting part is that we are near testing on a relative basis (XLV/SPY), the Major Support Trendline that started back since ​February 2011, so critical for Bulls to protect at all costs...
(See second chart below - Thick Red Trendline - Ellipse)​





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The Healthcare Sector (XLV) : Unhealthy Technical?  $SPY, $XLV  #xlv #Investing #SP500 #stocks #trading #healthcare
RATIO
​Healthcare Sector ETF XLV
over SP500 Index - SPY ETF (Daily Candles​)
​20 DMA ( Yellow Line )​
50 DMA ( Red Line )​​
200 DMA ( Green Line )​ ​

Healthcare Sector ETF XLV
Daily Candles​
​20 DMA ( Yellow Line )​
50 DMA ( Red Line )​​
200 DMA ( Green Line )​ ​

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Healthcare
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