Currently XLV is down 1.5% for 2010 (the most lagging of the 10 most tracked sectors, followed by Utilities, XLU and Financials, XLF).
weekly charts showing all sorts of inverted H&S patterns with an overhead neckline:
XLV -Could have a breakout move in the week ahead
CYH, of course that big move all happened in one day though-
THC again, a one-move wonder on Friday-
While other components of the XLY show some promise.
A lot of clear air above for UNH
MRK - broke out from this W-bottom pattern and looks to try to regain $36.50 support
AMGN - formed a hook (seed wave) with what looks like a breakout candle on Friday
PFE is interesting. This weekly chart shows a large amount of volume over these past two years. While price recently broke out of and re-tested this LONG-standing down trend line
No comments:
Post a Comment