Saturday, March 29, 2008

Health Care Sector Update for 03.29.2008

SELECT SECTOR SPDER HEALTH CARE SECTOR ETF - XLV

Monthly chart shows continued weakness, with no buy signal/pattern evident on this timeframe.

Weekly chart shows current support off the $30 level. Last week's trading activity resulted in a spinning top, indicating indecision between the bulls and the bears. Look to next week's trading activity for better sense of direction.

Daily chart shows small consolidation range. No clear buy or sell signal in place. Look to next week's price action for better short term direction.

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