Don't Ignore This Chart

Healthcare Sector Takes the Lead

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The Health Care SPDR (XLV) moved into the sector lead with a 52-week high this week. As far as the charts are concern, the Real Estate SPDR (XLRE) and XLV are the only two sector SPDRs hitting fresh highs. XLV gets the edge because it is up around 11% year-to-date, while XLRE is up around 5%.

The chart below shows three different versions of the healthcare sector. The EW Healthcare ETF (RYH) is in the top window, the SmallCap HealthCare ETF (PSCH) is in the middle window and the large-cap dominated SPDR (XLV) is in the middle window. The small-cap and large-cap sector ETFs hit new highs and are leading. The equal-weight sector ETF remains just shy of its January high. Note that S&P SmallCap iShares (IJR) hit a new high this week as well.


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- Arthur Hill, CMT

Senior Technical Analyst, StockCharts.com

Book: Define the Trend and Trade the Trend
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Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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