UNH and other healthcare stocks such as Anthem, Cigna, etc. could be a potential area that benefits from those flocking from higher volatility areas that have earnings this week that are looking for some high quality value that were once "growth" stocks. I think UNH at least goes back to $250 area within the next week or so. I'm holding call options. Good luck! UNH
#XLV Healthcare ETF-first out to activate it's head&shoulder?
Will health care be strong during the potential draw down in the markets? Day traders would know what to do with this short opportunity. Longer term maybe a little down side.. It's out there so we will see.. Trade Safe AMEX:XLV
ACAD 100% fib extension coincides with resistance level from ER gap down at the end of February. Stock has not only weathered the recent market sell off but also printing a bull flag. Anticipating a continuation of advance coupled with increased volume.
AT40 = 11.7% of stocks are trading above their respective 40-day moving averages (DMAs) (hit an intraday low of 9.4%, oversold day #3) AT200 = 32.3% of stocks are trading above their respective 200DMAs (intraday low of 30.0%) VIX = 21.3 (a decrease of 14.7%) Short-term Trading Call: bullish Commentary AT40 (T2108), the percentage of stocks trading above their...
Shares of GILD have recently broken out above resistance around $74 and have since successfully tested and held it as support (dashed green line) on two different occasions. They look destined to at least test the falling trend line (red line), and I think there's a good chance we break through that resistance to establish a new trend higher. I'm a buyer via...
IBB is breaking out to the upside, with an initial target around $124, the 127.2% extension of the major swing from this year's high in January to the lows in April, followed by the 161.8% at $131. I'm jumping in via September $125 calls.
This video is the first of many, and I discuss the behaviors of the sectors and potential markets that are poised to trend in the near future. The "freshest" sectors quietly trying to start a new trend are the Industrial and Consumer Discretionary Sectors. The sectors (along with their industries) I think should be on every trend follower's radar are: XLF -...
A few sectors are signaling troubles ahead, with their 50 day MA's crossing below their 200 day MA's. This chart picture shows SPY (upper left) as a broad gauge of market action. It has yet to experience the "death cross." However, the industrial stocks measured by XLI (upper right), materials stocks measured by XLB, and financial stocks measured by XLF have...
The stock market put in a strong week as the bounce from lows and supports continues. Caveats are still glaring like low/declining volume. The Stock Market's Time to Test Buyers' Resolve drduru.com $SPY $QQQ #VIX $AAPL $AMZN $IWM $BBY $BHP $CMG $XLI $XLV #AT40 #T2108 $DE $ITB $LGIH $MNRO $MTCH $NIB $RIO $X
Although earnings season continues to drag on here, a small financial media theme has emerged in this sell-off and that's that "Earnings don't matter" ... at least, at the moment. In keeping with that mini-theme, I'm looking at putting on plays in sector exchange-traded funds, and two of the ones that have been battered the most in this market have been OIH and...
Well, at least not all sectors in out right sell mod coming into Monday. There is some hope the accelerated down trend will take a reprieve. I did for get to show XLF and XLB. They both are still lagging other indices. Bottom line XLU, XLK and XLE looking better. XLY, XLI, and XLV ugly. IWM looks best for a trend reversal Monday. Please leave comments below...
These are the two 'strong in summer' $SPX sectors #StovallTheory
XLE to XLV is at historic lows and likely outperforms going forward.
With four weeks or so until the next batch of earnings, I'm briefly turning my attention to exchange-traded funds to see if there's anything I can play to bridge the gap between earnings seasons. As with the previous several weeks, there isn't much; only three are near or above the 70th percentile for implied volatility over the past six months: FEZ, with an...