Health Care SPDR "XLV" Looking Very Bullish
S+P SPDR XLV Health Care ETF was the strongest industry group on 7/14/23.
XLV technical price pattern is looking very bullish !
Shown here on the Institutional 4 Hour Chart, it shows clearly that health care stocks
are under "accumulation" by big money investors.
Interestingly, health care is considered a defensive play,
so institutional money managers may now be beginning to rotate "out"
of the high flying technology sector in a flight to quality.
The 4 Hour KST Indicator on XLV is now approaching a Buy Signal Confirmation.
XLV Close 7/14/23 131.70
THE_UNWIND
WOODS OF CONNECTICUT
XLV technical price pattern is looking very bullish !
Shown here on the Institutional 4 Hour Chart, it shows clearly that health care stocks
are under "accumulation" by big money investors.
Interestingly, health care is considered a defensive play,
so institutional money managers may now be beginning to rotate "out"
of the high flying technology sector in a flight to quality.
The 4 Hour KST Indicator on XLV is now approaching a Buy Signal Confirmation.
XLV Close 7/14/23 131.70
THE_UNWIND
WOODS OF CONNECTICUT