The chart below shows four of the thirty CandleGlance charts for the Dow Industrials. Notice that big pharma is leading the way as Pfizer (PFE) and Merck (MRK) surge to new highs. The Healthcare SPDR (XLV) is also hitting a new high today.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. 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 market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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