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XLV trade ideas

$XLV:$KRE: Deflation winners and losersWe're seeing value health care ($XLV) show a lot of relative strength against other sectors as the dollar has been pushing. ($KRE) is often tied to growth when compared to it's bigger brother ($XLF) and eventhough financials do tend to benefit from rising rates, this has been much more of a hard landing and the financial rotation many expect may not come to pass, instead look for $XLV to continue soaking up 2022 when compared to other sectors.
AMEX:XLVLong
by Fox_Technicals
Is The Bear Making You Sick? Time To Get Right With Healthcare!Bear markets, economic slow downs, recessions, inflation, the Fed, Jerome Powel, etc... It's enough to make anyone feel sick. Well, step right into the Doctors office because I have the cure for what is making you ill. But before I start writing prescriptions, we need to apply a diagnosis. First let us review the causes: Soaring Commodities. Crashing Growth. Incoming Recession. As this bug works its way through your system its going to manifest itself with several symptoms. Currently you're experiencing the following: Inflation. Bear Market. Rising Rates. As your natural immune system fights this off, you're going to experience the following side effects: Deflation. Decreased Earnings. Falling Rates. None of this is going to make you feel any better however. That's where the Doctor comes in. Allow me to explain. As the economy slows down we're going to experience cyclicals such as Semi's continuing their weakness and the Commodities will be rolling over. But the rising rates will crimp economic growth which will weaken earnings and put pressure on valuations. Eventually the FED will be forced to slow or stop their rate raising program as the economy grinds to a halt. This will hurt investors looking for yield. Not a great scenario for stocks. What's a sick investor to do? You need alpha, yield, and protection from an economic slowdown. There's only one sector that can offer all three and that is Healthcare. Healthcare is relatively resistant to any slow down in the economy, offers some yield in $XLV and some alpha in $XBI. Both charts are ratio charts comparing the relative strength of Healthcare vs Semi's and Commodities. The top chart is a monthly candle chart of $XLV the S&P Healthcare SPDR ETF vs $DBC The Broad Commodity ETF. The ratio rises when $XLV is out performing and falls when its under performing. As you can see the ratio is sitting right on an area of support and a hammer candle has formed after a protracted period of under performance. Implications are for a reversal that favors $XLV. The bottom chart is a weekly line chart of $XBI the S&P Biotech ETF vs $SOXX the Philly Semiconductor ETF. Just like the above chart, the ratio rises as $XBI out performs and falls when it under performs. Just recently $XBI has reversed the trend of under performance and broke out through the downward trend line. The trend favors further out performance from $XBI. I hereby prescribe to you the following pairs trades: Long $XLV and Short $DBC. Long $XBI and Short $SOXX. Please start the prescription as soon as you can have it filled and keep the trade on for the rest of the year until January 1st 2023. Come back to see me for a follow up visit. Please make your appointment ahead of time as I book up fast. I hope you feel better soon. Sincerely, your Doctor.
AMEX:XLV
by Breakout_Charts
33
Rectangle/Cyphers Versus Sharks/Inverted HammerXLV appears to be bouncing around in a rectangle for quite some time. It is a fairly wide rectangle which is neutral until a trendline is broken. XLV appears to have formed a W pattern inside that rectangle that topped out at the 1.113 which caused a throwback and price landed back inside the rectangle. If you take a look at the bottom valleys of the W (almost like a double bottom), valley 2 is slightly lower than valley 1. So, if you flipped this over, it would be peak 1 and peak 2, and peak 2 would be higher than peak 1, but only if you flipped it over. You have to use your imagination here (o: This narrows harmonic patterns down to a Bearish Shark of a Bearish Cypher. The cypher should have reversed at the .786, so in my pea brain, this is a Bearish Shark which can land at the .886 or the 1.113 fib levels. This landed at the 1.113. Since this is a W and not an M, that is the first clue it May (and I stress May) be a bearish pattern in the end. But you can go long on that last W leg if you recognize the pattern. Just be sure to get out at the top of that last leg. Spinning top right this second as today's candle. The candle may change by close. This is a candle of indecision like a Doji which has practically no body to speak of. Very long wicked Inverted Hammer 4 trading days ago. An inverted hammer performs at it's best at a level of support and at a bottom, but when this same candle is at the top, it is a shooting star which is bearish and can mean a reversal is looming. The wick must be at least 2 times the length of the body and usually the candle body is small. The color is not so important. At the bottom, or at support, it can show the bears that the bulls can take price higher, even though price does not close at the high. This can make a bear a bit nervous to see how high price traded that session, so they may cover their short if they have enough profit. The high and low are the same on red and green candles. The top of the upper wick is the high and the bottom of the lower shadow is the low. The open and the close do differ however as a red candle has a close at the bottom and a green candle has a close at the top. Engulfing candles can also be a reversal candle pattern even if just short term. Opposite colors best and the second candle totally swallows the 1st candle in this pattern. No recommendation. Be safe/Laura
AMEX:XLV
by lauralea
XLV - OBV divergence says it's time to go shortMr. Market is happy today! So what am I doing? Searching for short opportunities, of course. XLV fits the bill. As you can see, there's a rather significant On Balance Volume divergence with price. This is often a leading indicator signifying a potential price reversal. I'm going to wait just a bit for it to get below the red support line but then jump right in. I still think we have a leg left to go down before the ultimate bottom.
AMEX:XLVShort
by digital_precision
1
XLV / Healthcare: A Path into Support before Going LongWhile the equity indices have been setting up bearishly especially on the longer-term charts, one bright spot is Healthcare and the SPDR ETF tracking this sector AMEX:XLV . Given the weakness in the indices, bullish positioning should be avoided unless (1) the position is short-term, tactical and position sized, or (2) the position is within a defensive sector that is outperforming in terms of relative strength and has strong trend structure. Along with Utilities and Energy, Healthcare has been an outperformer since the beginning of this year. Over the past year, its performance is slightly above the mid-range of all sectors (see linked idea US Sector Performance using Equal-Weighted Sector ETFs). But YTD, its performance has been stronger, and it is maintaining a good uptrend structure. Since its peak on April 8, 2022, XLV appears to be forming an A-B-C Elliott Wave correction. Using Fibonacci projections of the "A" wave, and projecting the length of that wave from the April 14 high (the end of the larger B wave), a target of 134.68 would mean larger wave A and larger wave C are roughly equal, a common proportionality in A-B-C corrective patterns. RSI on the 78m, 130m, and 4 hour charts all point to further downside before any bounce may occur. The RSI line is trending well below its 13 EMA . Wave C should unfold in 5 waves according to EW principles (because it moves in the direction of the corrective pattern of one larger degree, i.e., the larger ABC corrective pattern). Wave 1 of C should also contain 5 sub-waves. Without cluttering the chart with the smaller sub-waves of Wave C, my own count suggests wave 1 is complete and wave 2 is underway or complete. That leaves about 3 waves more downward in the coming days before a buying opportunity might present itself.
AMEX:XLV
by SquishTrade
Sector performance since the bottom on the 15th of MarchIn my last published Idea I showed the sector performance YTD till about the 14th. Now the market has turned and the best performers are the worst performers to the 14th from January 1. So now you know where the most action is and the least. It might be smart to buy some QQQ as it is heavily weighted with the best 3 performing sectors- XLY,XLK,XLC. The upward bull run could change depending on what happens over the next month especially with the Ukraine war happening and inflation and the FOMC meetings. Oil prices are forecast to slowly rise this year so the Fed is going to be challenged.
AMEX:XLV
by AK-at-eToro
Head and ShouldersThis pattern is not valid until neckline is broken. The neckline is a strong source of support until it is broken. Then the neckline becomes resistance. After the neckline is broken and one wanted to go short, one may place their stop above the neckline. I am being sure this neckline breaks before thinking short entry as healthcare seems to be a good place to be. But I am actually beginning to wonder if there is a good place to be right now )o: No recommendation. Heiken-ashi candles and definitely a bad top by eyeballing it )o: Neutral until neckline is broken.
AMEX:XLV
by lauralea
healthcare is outperforming the broader market (XLV)when an overweight sector corrects with the market volatility is higher in general, but thats why it bounces so much more quickly and outperforms other sectors in the same trend. sector rotation will have a play in healthcare if we find a higher low, and bulls have given themselves room to complete that reversal. we should make a higher low somewhere, even if its closer to the bottom than i anticipate, and continue to rally faster than other parts of the market as stocks benefitting from inflow seeking value accumulates.
AMEX:XLVLong
by cerealtrades