RE: Watchlist - Investor method
Healthcare US ETF XLV had a continuation breakout yesterday about $48, now $48.50, in line with the string of individual healthcare stocks isatrader identified on the S&P500 Daily Breakout lists. http://scharts.co/18HmzxL
The question is whether to be worried by the distance from the 30 week MA, which has been a bounce line. Weinstein I guess would not be worried, but should we be very patient and wait a few months for a retrace and then buy on the renewed breakout above $48?