XLV Swing Long 1H Conservative CounterTrend TradeConservative CounterTrend Trade
+ long impulse
+ 1/2 correction
+ T2 level
+ biggest volume Sp
- resistance level
Calculated affordable stop limit
1 to2 R/R take profit before 1/2 of the Day
Daily Context
"- short impulse
- unvolumed T1
+ support level
+ volumed Sp"
Monthly Context
"+ long impulse
- SOS level broken
- far below 1/2 correction"
Yearly Context
"+ long impulse
- resistance level"
XLV
Healthcare Sector Poised For A 7% to 15% Rally Into Early 2025My continued research to help traders shows the US Healthcare and Biotech sectors are poised for a very large rally phase into early 2025.
Particularly, XLV and XBI seem uniquely setup to rally more than 9-10% over the next 60 to 90+ days.
This video explains how I use my Adaptive Dynamic Learning Predictive Modeling system to find opportunities other people miss.
Using technology, predictive modeling, and inference engines like this is one advantage I have because I can build any type of technology or system I like - and use it on any symbol or interval I like.
Now is the time to prepare for the big moves headed into 2025. Follow my research if you want to target the biggest price swings in the markets.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Stock Market Analysis - Bullish & Bearish Sectors Heavy selling observed across the S&P500: Financials & Real Estate hit hard.
S&P500 hitting the 50 day MA...technical daily support.
Some breakout sectors are seeing there first pullback in a bullish trend.
The sectors that have had breakouts will likely see dip buyers.
Health Care & Utilities are into some interesting support levels. This is where bulls step in.
Megacap Tech still saw some flight to safety money! Lets see if this holds.
HIMS a gender focused health care company LONGHIMS had an excellent earnings report for a small cap company; it is consumer driven quality
focused and helps the customer feel good about him/her- self. It does not have any gender
orientation agenda nor any obvious political inclinations. On the 120 minute chart, it started
a moving averge convergence about a week before earnings. The Greeny TTM squeeze indicator
did its thing as the post-earnings action began. I see this stock as a good long to hold into
the next earnings and perhaps through it. HIMS is now at its all time high. There is no chart
horizontal resistance overhead and traders will note that. I see the bullish momentum
continuing perhaps with some healthy ( no pun intended) corrections while underway.
Healthcare is considered to be a hot sector for 2024 this small cap seems to be warmed up.
CERUS Long idea on watchPositive news on phase 3 trials.
Possible US food & drug admin application next year 2025
8.5 times the usual 20 daily volume average.
Red to green reversal.
This all points towards likely higher prices. If their application next year gets approved expect a monster move. Investors will likely try to front run this.
HUMANA swing alertHumana has been trading into key long term support.
This stock has been under severe pressure and is starting to appear to be carving out a potential base.
it seems that 1 more flush in this name may prove to be a swing tradable entry on the long side.
The weekly Death cross formation is close to occurring. This is no doubt a bearish long term signal but often this proves to be a buyable short term trade.
The Healthcare Sector Index $XLV - Worth Watching SPDR Select Sector Fund – Healthcare Index AMEX:XLV
The chart speaks for itself, we have our breakout levels and our break down levels. We enter on a breakout and set a stop 5% under that support and we exit and or short if we fall under the two underside support levels.
Below I outline some reasons why the healthcare sector is worth paying attention too.
The healthcare industry is worth $808 billion in the United States as of 2021. 65% of the industry’s revenue comes from patient care. The global healthcare industry is worth $12 trillion.
In the U.S National health expenditures are projected to grow 5.4 percent, on average, over the course of 2023–31 and to account for roughly 20 percent of the economy by the end of that period. The insured share of the population is anticipated to exceed 92 percent through 2023 (figures pending), in part as a result of record-high Medicaid enrolment, and then decline toward 90 percent as coverage requirements related to the COVID-19 public health emergency expire.
The growth of the health-care sector is evident in employment data as well. In 1990, about 8 million Americans worked in health care; that figure has since doubled to 16 million. That’s the largest single employment segment in our economy.
In addition to the above, the west in general is an aging populace that is living longer. We will need these services more than we need staples during a recession. I believe this index can help us gauge the healthcare sector and what direction it will go next. We can watch the levels outlines and make a play if we wish. We have a hard upper boundary and lower boundary on a parallel channel on the chart. You know what to do when we breach any of these levels.
Outlined on the chart
XLV fund provides exposure to companies in
pharmaceuticals, health care equipment and supplies,
health care providers and services, biotechnology, life
sciences tools and services, and health care
technology industries. XLV is the oldest in the
segment, as such it is used widely for strategic or
tactical positions. Since XLV is both cap weighted
and fishes only from the S&P 500, it tilts heavily
toward mega-caps. For focused exposure to
leading health care names, XLV is tough to beat.
Top Five Holdings
UnitedHealth Group Inc NYSE:UNH 9.63%
Eli Lilly and Co NYSE:LLY 9.19%
Johnson & Johnson NYSE:JNJ 7.46%
Merck & Co NYSE:MRK 5.46%
AbbVie Inc 5.41%
Stay Healthy and Nimble Folks
PUKA
XLV - Failed Breakout?HealthCare looks to have just closed the week with a failed breakout.
Getting a weekly close below the impulse breakout green canceled is never a good sign.
Off of Bearish consolidation some Health care stocks may be a good short play.
Using the up-sloping trend line & weekly 200 MA as support.
Using the Weekly 100 MA as resistance . Recapturing the Weekly 100 MA could result in upside reversal.
XLV still coiling, possible double top on the daily? On the weekly timeframe XLV continues to coil.
On the daily timeframe we may have seen a double top after the rejection at the bottom of the gap (136.50 area).
FWIW these options can move, but they are low volume. On high momentum days trading the same week can be effective. Personally, I prefer to bid for calls on red days and puts on green days with swing trade straddle targets in mind.
I'm currently eyeing the gap above but a breakdown with a stronger market pullback is possible. I will be looking to add a long swing position after the Jackson Hole / JPow speech depending on market conditions.
XLV - Horizontal Trend Channel🔹Breakout ceiling trend channel in short-term
🔹Breakout resistance at 136, next resistance at 140.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
AmerisourceBergen Corporation: Bearish AB=CD & 3 Drives PatternABC currently is Bearishly Diverging on the MACD and RSI around the 2.414-2.618 PCZ of a Bearish AB=CD where it has also developed a Bearish 3 Drives Pattern and a Bearish Shark. If we get the action I'm expecting to see from here, it will come down and break through the trend line and then continue down to the 0.886 retrace at $77 in a dramatic way.
QQQ Falling Wedge Pattern | MSFT GOOGL Earnings Prediction | - NASDAQ:QQQ falling wedge pattern is about to break likely break tomorrow.
- QQQ & AMEX:SPY still trading in the same tight range for 3 weeks likely breaking this week with all the big tech earnings
- NASDAQ:MSFT NASDAQ:GOOGL Earnings report tomorrow AH