On a YTD basis, the medical equipment group has been the clear laggard within healthcare. The diverse space includes biotech, pharma, and healthcare providers. The chart of the IHI below suggests it may want to join the party. It is usually not a great sign when a “breakout” (in quotes because not a traditional breakout) is challenged so quickly after a move. The move through both the 50-day and a bullish ascending triangle Thursday was accompanied by firm volume. Friday gave back a good chunk of the move. But give the ETF credit for advanced 4 of the last 5 weeks, with all 5 CLOSING in the upper half of the WEEKLY range and all above the very round 50 number. Top holding TMO was rejected at its 200-day SMA on both Thursday and Friday. A move through the secular line would obviously give a bump to the IHI. Leader SWAV reversed more than 10 handles intraday Friday after coming close to a WEEKLY double bottom pivot of 223.25. EW has an interesting look to it if it can remain above the very round par number.