This week XLV has broken above resistance, the previous high made in 2015. This looks like a good momentum trade. Risk is around 7%…daily closes below red horizontal line. I’m a buyer Thursday morning.
SPDR’s Select Sector Health Care ETF (XLV) weekly
Continue to hold all open positions for now. A few of them are running into resistance so we might have to harvest some gains. I want to see how the weekly’s turn out before I recommend selling.
Trade Smart,
Don Roth