I love these ETFs but this one seems to be accumulation on a small scale - new, yes. I've created an excel spreadsheet to help me track 50 long and short ETFs. They all started out this way, slow... Here's my thought on this one. When the Presidental candidates thin out I think the health care ind. will take a bit of a hit - especially if Clinton wins the Dem... I could be wrong but the down side should not be that tough, maybe 5 points at which time the RSI would be in the 20s. The up side could be 10 to 20 points. By the end of the next quarter I'm sure I'll have my answer - for the 2nd qtr. I'm thinking to go long on healthcare since this sector has not had a positive rotation in some time. thoughts???
To respond I will use an old Bob Pasani (spelling?) Quote....."when they raid the house they get everyone. What he ment was in a bear market all sectors get hammered ! When the election gets closer go short health care (care used loosely). Skf and srs both ripped during this "corection
Good luck to you and remember if we are in a "Bear Market" to look for 3 legs down! The moves higher will be remarkable!!