Saturday, March 15, 2008

Health Care Sector Update for 03.15.2008

SELECT SECTOR SPDR HEALTH CARE SECTOR ETF - XLV

Monthly chart shows renewed selling pressure this month. IF the current support and up trendline breaks, THEN look for the .618 fib level as the first downside target.

Weekly chart shows accelerated selling pressure the past 2 weeks. Look for a break of the current suport and low of $30.36 area.

Daily chart shows increased selling pressure on Friday. While the current low held last week, expect to see the low broken next week or so.

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