HEALTHCARE FINDS 100 DMA SUPPORT - IS FANG & NOSH NEXT?
As Bloomberg notes, valuations are a notoriously poor tool for market timing, and forward earnings estimates could prove to be too low, so this alone shouldn't necessarily serve as a sell signal.
However, notice the divergence in fortunes between tech and health care that's left the former trading at almost 1.4 times the forward valuation of the latter.
That's a rather extreme divergence that seems like a good candidate for mean reversion.
The Healthcare sector continued to puke today, making it the worst week since 2018, but we note that it found support at the 100 DMA...
[SITE INDEX -- SII - HEALTHCARE]
A PUBLIC SOURCED ARTICLE FOR MATASII
SII - HEALTHCARE
MATASII RESEARCH ANALYSIS & SYNTHESIS WAS SOURCED FROM:
SOURCE: 04-18-19 - - "Trump Pumps, Dow Jumps, Small Caps Slump, Healthcare Dumps"
FAIR USE NOTICE This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
NOTICE Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. MATASII.com does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.