Healthcare Is Gearing Up for a Big Move

Next year is shaping up to be an interesting one… [Jeff Clark's Market Minute]( Healthcare Is Gearing Up for a Big Move By Imre Gams, Analyst, Market Minute Next year is shaping up to be an interesting one… There are many sectors gearing up for some big moves. One of them is the healthcare sector. Healthcare has lagged the broader market rally of this year. While the S&P 500 is up about 19% this year, The SPDR Health Care Select Sector ETF (XLV) is down around 4%. Recommended Link [Forget Nvidia, Buy Elon’s Supplier Instead]( [image]( In December 2015, Teeka Tiwari recommended shares of Nvidia and wrote: “Nvidia is poised to become the next tech giant because of its pioneering work in the field of artificial intelligence.” Anyone who listened to him had a chance to make gains as high as 5,246%. He just issued a new buy alert on [this other AI company that’s most likely supplying Elon Musk with a key piece of technology for his new AI venture.]( [Get the details here.]( -- 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 next year is more rapid sector rotation. That means traditionally defensive sectors like healthcare should have their moment in the spotlight soon. XLV’s price chart certainly makes a strong argument for this being the case. 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 completes and XLV breaks out. But when it does, we should see prices travel sharply higher. You can check out XLV’s price chart below. As you can see, prices are still trading within the boundary lines of the triangle (blue lines). As long as prices stay within those trendlines, we shouldn’t expect too much directional movement. And 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, that will put a target of around $160 into focus. 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. That’s plenty of upside to play for. Just remember – 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 completed. Being too early is just as dangerous as being too late. Happy trading, [Signature] Imre Gams IN CASE YOU MISSED IT… [Market Wizard speaks after years of behind-the-scenes trading successes]( During the 2008 financial crisis, the stock market fell 37%. Yet one man — hedge fund manager Larry Benedict — posted 23% gains. He delivered $95 million in pure profit to his clients. In the first half of 2022, he did it again. Those following his work saw the chance for 2x and 3x growth. He released a trading video where he gives you the ticker. [Watch it here.]( [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](