Some of you may have watched my 7:10 am interview on Bloomberg TV Friday. I discussed the upside breakout in the healthcare sector that I wrote about earlier in the week. For those of you who missed it, however, I'd like to show the same charts that we used on the air to make my point more clearly about the activity within the healthcare group itself. The chart below shows the Health Care Select SPDR (XLV) closing above its early 2004 peak this week to achieve a bullish breakout. [It's now challenging its 2000 peak]. The rising relative strength line since the end of 2004 shows that healthcare has been a market leader year (along with energy and utilities). The point I made this morning was that the XLV provided a vehicle for buying the entire healthcare sector. But there were two other ETFs that also provide exposure to the healthcare group in biotechs and drugs.


Chip Anderson
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