A Leading SPDR Sector Looks To Roll Over

It happens to all of us, including strong sector trends, father time catches up with us and we get tired very easily.

The SPDR Health (XLV) sector has exhausted buyers, and it does not help with negative fundamental news of Obama care issues.

A test of support is highly likely. Demand looks weak. Maybe time to rotate your health sector stocks into gold mining stocks. Just a thought!

In the chart below: RTTSteps, RTTTrendStatus, RTTNetVolume

XLV

Investing Quote...

.." If you cannot make money out of the leading active issues, you are not going to make money out of the stock market as a whole"..

Jesse Livermore Trading Rule

..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..

Bernard Baruch

.."The first rule is not to lose. The second rule is not to forget the first rule"

Warren Buffett

..."The four most dangerous words in investing are 'This time it's different' "...

John Templeton

.."The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market."..

George Soros

We at readtheticker.com hold the view that a mix of stock chart technical analysis, Richard Wyckoff, William Gann and Jim Hurst methods plus market fundamentals allows the investor to formulate a ...

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