Healthcare On The Move:

The diverse sector seems to be firing on all cylinders at the moment. Even biotech has the feel that it has bottomed as long as the XBI can hold the round 80 number. Equipment via the IHI is now just 8% off most recent 52 week highs and is dealing with its 200 day SMA right here. The PPH has gone vertical and we mentioned we liked the action POST breakout from the WEEKLY cup base but this is acting like a leading biotech. Healthcare providers broke out Thursday above a cup with handle pivot of 288.60. And below is the chart of the XLV which showed good follow-through today above its own cup with handle trigger of 139.05, and we know the best breakouts tend to work right away so this is a good sign. This is an environment where one can utilize the “barbell approach” and buy both stable, conservative pharma names in addition to the leading, more risky biotechs. 

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