Growth Still Getting Job Done:

The competition between “value” with the XLV, and growth concerning the XBI, still is in favor of the latter in a big way. The XBI is now higher by 10% YTD and 31% over the last one year period, while the XLV is UNCH YTD and up 17% over the last one year period. The bulls are defending the very round 100 number well, and all 5 of the last 8 sessions that rose for the day CLOSED right at the top of the daily range, a positive trait. The 5/27 and 5/29 sessions both bounced robustly off the 100 figure, both finishing 3.5% above the number. Let us give credit where it is due, and the XLV is still holding the 100 number too, but its bull flag is getting a bit long in the tooth to be considered valid. Give the “value” ETF some applause for not slipping too much with PFE, its third largest component down by 7% Monday. Speaking of the round numbers, UNH recorded its fourth straight CLOSE above the 300 figure. 

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