Being Too Early is Just as Dangerous as Being Too Late

Next year is shaping up to be an interesting one… [Jeff Clark's Market Minute]( Being Too Early is Just as Dangerous as Being Too Late By Imre Gams, analyst, Market Minute Next year is shaping up to be an interesting one… Many sectors are gearing up for big moves. One of them is the healthcare sector. Healthcare has lagged in the broader market rally of this year. While the S&P 500 is up about 19%, The SPDR Health Care Select Sector ETF (XLV) is down around 4%. As investors piled into higher-growth opportunities like tech, healthcare has fallen behind. But that could be about to change. One of the major themes on my radar for next year is more rapid sector rotation. That means traditionally defensive sectors like healthcare should have their moment in the spotlight soon. And XLV’s price chart certainly makes a strong argument for this. Take a look: [(Click here to expand image)]( XLV has been trading in a larger sideways pattern since April 2022. At the time, it was difficult to know how far the ETF would drop. But over the last few months, the nature of this pattern has become clearer. It now looks as though XLV is completing a triangle pattern. It might take a bit longer before the triangle is complete and XLV breaks out. But when it does, we’re likely to see prices travel sharply higher. Recommended Link [“You need at least $100 of this asset – and it’s NOT gold” – Dr. Nomi Prins]( [image]( $100 is all you need… Former Goldman Sachs managing director Dr. Nomi Prins has identified an investment she’s calling ‘the world’s hardest asset’ – and she’s recommending it to friends, family, and followers. She’s talked about it on podcasts… live TV… and in her newest, bestselling book, Permanent Distortion. Dr. Prins says: “This asset has nothing to do with gold or silver, but it has many of the same features to protect your wealth – and preserve your privacy.” As the turbulence in our world grows worse and worse… [Click here now to see what Nomi is recommending before it’s too late.]( -- Prices are still trading within the boundary lines of the triangle (blue lines). And as long as prices stay within those trendlines, we shouldn’t expect too much directional movement. However, if prices break hard below the supporting line of the pattern, it’s time to go back to the drawing board. But things will get really exciting if prices can break through the resistance line of the triangle. If that happens, we’ll see a target of around $160. That’s plenty of upside to play for. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. Just remember that it’s important to wait for the breakout to happen before taking any action. Too often, traders will jump into a market before the technical pattern has actually been completed. Being too early is just as dangerous as being too late. Happy trading, [Signature] Imre Gams READER MAILBAG How do you feel about more rapid sector rotations in 2024? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [Watch SHOCKING Footage of AI Facility with Ties to Elon Musk]( I recently traveled more than 3,000 miles and [shot this video outside what could end up being Elon Musk’s biggest secret.]( Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security. It will definitely impact you and your family… And it could make a lot of people rich in the process. [Click here to see the details.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2023 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](