XLV: Healthcare Sector On The Mend, But Probably Not For Long

The State Street Health Care Select Sector SPDR ETF might be a port in the storm for a while, but its best upside is likely behind it for this cycle. A year 2000-like cycle is hinting again. That’s where XLV breaks even for a while, as tech melts down. But relative return is not a “win” to me. Any stock with a good chart is a potential trade for me. But as an investment, XLV and most of its component stocks are too richly valued.

Healthcare stocks have been steady, solid performers in a wide range of market conditions. But in my technical work, I’m seeing a trend I’ve seen before. It happens when the broad stock market is in a gradual topping pattern after a giant run. And run